Bitcoin Drops Below $73,000 as Iran Tensions Drive Market Nerves

Bitcoin fell beneath $73,000 as renewed strikes on Iranian targets kept the US‑Iran conflict at the forefront of market concerns. The return of military action has put a proposed ceasefire in doubt, even as US President Donald Trump wrote: “Just sit back and relax, it will all work out well in the end - It always does!” Price action slid shortly after the monthly close, briefly testing lows near $72,000 where liquidity sits on exchange order books.

Traders flagged a short-term range with roughly $74.2K acting as resistance and about $72.7K holding as support, while some pointed to a CME Bitcoin futures position near $75,000 as a possible near-term target. Macro data could still sway direction this week, with ISM manufacturing PMI continuing an uptrend and upcoming US nonfarm payrolls drawing attention.

Analysts noted that recent PCE inflation details, including a notable rise in core goods, complicate the outlook for risk assets.

United States

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