BTC falls below 80k, now at 78,089 USD.


The core reason for today's decline is simply one: conflict in the Middle East.
According to reports, Trump refused Iran's peace proposal, escalating the situation in the Strait of Hormuz, and oil prices surged directly upward.
Risk aversion sentiment increased, funds moved into the US dollar and gold, BTC did not serve as a safe haven, becoming a target for selling.
The crypto market evaporated over 23 billion USD in one day.
This wave of decline is not a market problem, but a geopolitical issue.
BTC is now tied to risk assets, with high beta characteristics, not a safe haven.
The unrest in Iran continues, oil prices stay high, inflation pressure remains, and BTC will continue to be under pressure.
Whether 78K can hold is the key.
If not, the next support is at 75K.
Community will notify then. #BTC $BTC
BTC-3.04%
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