News
Bitcoin Falls Below $77K Amid US-Iran Diplomatic Hopes
Bitcoin fell by around 1.7% on Monday, extending losses to 1.7% after reaching a local high of $78,750. The decline was attributed to hopes of a US-Iran peace deal, which led to a sharp retreat in oil prices. Bitcoin's price dropped below $77,000 as markets priced in a non-military resolution to the conflict. US Secretary of State Marco Rubio's comments on the US-Iran war and the potential for military strikes influenced oil prices, with WTI crude oil down over 7% and Brent crude down 9%.