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Bitcoin dropped shortly after news broke that Steve Wietcop and Kushner’s Iran negotiation visit was canceled. It seems, once again, that the market is reacting sensitively when geopolitical risks come up.
Many people may have felt that news related to Middle Eastern affairs has a greater impact on asset prices than you might expect. Changes to the diplomatic schedule of an important figure like Steve directly affect market sentiment.
Each time political news like this continues to come out, the pattern of volatility in the cryptocurrency market repeats. It also seems that investors are paying quite close attention to the moves of key figures like Steve Wietcop.