I just saw that Bitcoin plummeted to $71,000 and things are getting interesting. The current numbers show we're around $73.9K, but the pressure is still there. It seems that several factors are combining: tensions with Iran escalated quite a bit these days, and that always scares risk investors. On top of that, inflation data in the United States disappointed, so the market is processing all of this together.

What many analysts are commenting is that when geopolitics becomes tense and the economy shows weak signals, Bitcoin tends to retreat first. It's nothing new, but it's painful to see it fall like this. Some, like Sam Esmail, have been talking about how these external events impact more than people think.

The question now is whether this is just a temporary pullback or if we will see more pressure in the short term. The market is quite nervous with everything happening globally.