Yesterday, Bitcoin nearly reached $80,000 during the night but couldn't hold. It dropped to $76,600 during the U.S. session with the cryptocurrency showing clear weakness. Ether, XRP, and Solana also fell about 3% each. The move reflects that short-term traders are taking profits as prices rise, offsetting demand for ETFs.

What is holding everything back is Iran. Geopolitical tensions rose again after Trump canceled the envoy dispatch on Saturday. Meanwhile, Brent crude oil shot up to $107 per barrel, which kills overall risk appetite. When oil prices rise like this, investors become more cautious with assets like Bitcoin.

Analysts say that without a decisive break above $80,000, a correction toward $75,000 is likely. The cryptocurrency price is at a point where it needs clear bullish confirmation or it will retreat further. For now, it seems sellers have control during rebounds. There is strong institutional demand, but it’s not enough to sustain these levels if geopolitical risks continue escalating.