Crypto: Bitcoin Price Ignores $168m Strategy Buy, And Falls As Iran...

BTC price fell below the key $70,000 level as tensions between the US and Iran ramped up and a broad risk-asset sell-off liquidated late BTC long positions.

Bitcoin (BTC) dipped below $67,000 at Tuesday’s Wall Street open as risk assets responded to new geopolitical pressures.

Bitcoin joins stocks in a geopolitics-driven sell-off to the start the US TradFi trading week.

Bid liquidity gets crunched with the BTC price range still firmly in place.

Strategy adding to its BTC stack failed to offer any relief for Bitcoin bulls.

Data from TradingView showed daily BTC price losses of more than 3.8% on Bitstamp.

Bitcoin and altcoins joined US stocks in a sell-off to start the week’s first US trading session thanks to market nerves over naval drills by Iran in the Strait of Hormuz — a key oil route.

Talks between the US and Iran, which the latter described as “serious and constructive,” concluded around the same time.

The S&P 500 and Nasdaq Composite Index were down by up to 1.25% at the time of writing, while gold dropped to lows of $4,842 per ounce.

Analyzing exchange liquidity conditions on the day, X commentary account Exitpump was among those eyeing a sweep of range lows for BTC/USD next.

Source: CoinTelegraph