Bitcoin fell below $62,000 on July 8 amid a fresh exchange of strikes between the US and Iran, after President Donald Trump said he considered the ceasefire over, in a market roundup published the same day. The drop points to risk assets retreating as the collapse of the US-Iran ceasefire drives investors towards safer holdings, with the cryptocurrency's recent gains unwinding as geopolitical tension mounts. Bitcoin's latest rise above $64,000 had been speculative in nature, with retail traders aggressively opening leveraged long positions while spot volumes fell, according to CryptoQuant, cited in the roundup. The ... (full story)