Bitcoin Falls Below $71K After Trump Warns of Iran Oil Strike, BTC ETF Inflow Continues

Flagship cryptocurrency

Flagship cryptocurrency Bitcoin price

The cryptocurrency is currently moving within a price channel between $66,000 and $72,000.

If Bitcoin fails to break above the upper resistance of this range and falls below support, the analyst says the price could potentially decline toward $55,000.

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FAQs

Why is Bitcoin price down today?

Bitcoin is down today due to rising geopolitical tensions after U.S. strikes near Iran’s Kharg Island, which triggered market uncertainty and risk-off sentiment.

How are geopolitical tensions affecting Bitcoin and crypto markets?

Rising tensions around Iran and the Strait of Hormuz have shaken global markets. This uncertainty often pushes investors to reduce exposure to volatile assets like crypto.

Are Bitcoin ETFs still seeing inflows despite the market drop?

Yes. U.S. spot Bitcoin ETFs recorded about $763M in inflows over five days, showing strong institutional demand even as geopolitical tensions weigh on prices.

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