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Crypto World News: Bitcoin has fallen over 3% in the past 24 hours, with the price dropping from approximately $77,880 to nearly $75,220, then slightly rebounding to $75,700.
Market sentiment has worsened due to the U.S. launching airstrikes near the Strait of Hormuz, escalating tensions with Iran and raising concerns about impacts on the global energy market.
Oil prices surged due to the airstrikes, reviving worries that inflation could remain high.
Traders are increasingly expecting the Federal Reserve to delay interest rate cuts, putting pressure on liquidity-sensitive assets including cryptocurrencies.
Although gold prices rose during trading, Bitcoin failed to hold above the psychologically important level of $76,000.
Analysts point out that the market still has a large amount of supply to digest, especially since Bitcoin has not broken through $82,000.