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Bitcoin Slides to $74K on Middle East Tensions, Miner Stress and Cycle Weakness Weigh
Bitcoin BTC/USD fell toward the $74,000 range this week, caught between geopolitical turbulence, a fresh wave of liquidations, and growing debate over whether the current market cycle has fundamentally changed. The biggest cryptocurrency in the world fell almost 1.7% in 24 hours to trade about $74,360. This was because of a wave of risk-off sentiment that swept through global markets after Iran closed the Strait of Hormuz, a key oil transit route, and US-Iran peace talks seemed to stall. The move affected a lot of things: the total crypto market cap fell by almost 1.7%, and Bitcoin’s 30-day correlation with the ... (full story)