Bitcoin Drops 4% On Geopolitical Tensions, Market Risk-Off
Bitcoinfell to $61,750. 90 on Monday, July 13, as geopolitical tensions over the Strait of Hormuz triggered a broad market sell-off. Analysts cited rising U. S. -Irantensions, cooling ETF inflows, and leveraged. . .
Bitcoinfell to $61,750. 90 on Monday, July 13, as geopolitical tensions over the Strait of Hormuz triggered a broad market sell-off. Analysts cited rising U. S. -Irantensions, cooling ETF inflows, and leveraged long liquidations as key drivers behind the decline. Markets are now awaiting the upcoming U. S. Consumer Price Index report, which could determine the Federal Reserve’s next move on interest rates. Bitcoin prices dropped sharply on Monday, July 13, falling to $61,750. 90 as escalating geopolitical tensions involving the Strait of Hormuz triggered a broader market sell-off. The world’s most valuable digital currency declined roughly 4% after reaching nearly $64,400 earlier in the day, according toCoinbase data from TradingView. - Advertisement -Major stock indices including the S&P 500 and the Dow Jones Industrial Average also pushed lower during the session. “Bitcoin’s recent weakness has been driven by a broader risk-off move across global markets,”said Roy Kashi, co-founder and CEO ofFalconedge. He noted that rising U. S. -Iran tensions have pushed oil prices higher and reignited inflation concerns. Meanwhile, Tal Fromchenko, Founder and CEO ofLeveraged, linked the pullback to escalating tensions over the Strait of Hormuz and a broader shift away from risk assets. “This remains a standard macro-driven flush within a historically healthy multi-year market cycle,”he added. Himanshu Sahay, cofounder and CTO of crypto lenderArch, suggested the decline likely resulted from a mix of macro sentiment and positioning. Conversely, Saeed Al-Marri, CEO atEthra Invest, focused on technical factors, noting that longs are being liquidated six times as often as shorts. He also highlighted the upcoming U. S. Consumer Price Index report as a key macro catalyst. ✅ FollowBITNEWSBOTonTelegram,Facebook,LinkedIn,X. com, andGoogle Newsfor instant updates. - Advertisement -Previous Articles:New macOS Malware ‘CrashStealer’ Steals Crypto, PasswordsTrump Urges Senate to Pass Crypto Clarity Act in Honor of Late Lindsey GrahamGoogle pushes TPUs to neoclouds, challenging NvidiaBlueMove $500K SUI heist sparks insider job fearsBitcoin Slips to $62K Amid US-Iran Tensions, Oil RisesStay in the Loop🔥Join 1. 2K Smart TradersGet exclusive crypto insights, breaking news, and market analysis delivered straight to your inbox. No fluff, just facts.