Bitcoin prices once again fell below $68,000 as US President Donald Trump broke his silence ahead of a looming Tuesday deadline on Iran and the Strait of Hormuz. The move comes as traders react to rising geopolitical tensions, weakening near-term market sentiment and new pressures across risk assets.
Bitcoin traded It fell 2.53% in the past 24 hours to nearly $67,859. the chart showed $BTC It started the period near $69,600 and briefly exceeded $70,000, but turned lower throughout the session. According to the latest readings, prices are hovering near the day’s lower limit, indicating that sellers remain in control after the initial rejection.
The broader market backdrop also remains tense. “Tonight, the entire civilization will perish,” President Trump said as the 8pm ET deadline approached on Tuesday. He also said, “Maybe something revolutionary and wonderful will happen, you never know.” At the same time, the US reportedly attacked military targets on Iran’s Kharg Island. After that, Iran cut off Trump began direct diplomacy with the US after threatening to destroy “an entire civilization” in Iran, a move that US officials described as a show of disapproval and defiance.
Bitcoin price falls as traders react to geopolitical risks
The drop below $68,000 came as the market moved away from risk. Bitcoin often reacts quickly when: global tensions riseand this session followed that pattern. A combination of war headlines, oil market pressures and uncertainty over U.S.-Iran talks added to the short-term sense of caution across financial markets.
According to the Kobeisi letter, U.S. crude oil prices soared above $117 a barrel as President Trump’s 8 p.m. deadline approached. Rising energy prices could increase inflation concerns and weigh on assets that depend on strong market confidence. The model cites suggestions that US CPI inflation could rise to 3.7% if current oil prices remain high for several more weeks.
Bitcoin’s decline was also accompanied by a slowdown in trading activity. The 24-hour trading volume decreased by 9.51% to nearly $33.66 billion, and the market capitalization decreased by 2% to about $1.35 trillion. Declining volume during a price decline can indicate that buying support is weakening, especially if prices lose important short-term levels.
$BTC Chart shows rejection above $70,000
The intraday chart showed Bitcoin trying to recover early in the session. Prices briefly exceeded $70,000, but were unable to maintain that level. After that rejection, $BTC During the day, the price decreased during most of the day and returned to the lower limit of the daily range.
This chart structure left $68,000 as a key level to watch in the short term. A sustained move below that area could sustain downside pressure. On the upside, the nearest recovery zone is between $69,000 and $69,500. $BTC It would need to regain that range to demonstrate stronger short-term stabilization.
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According to cryptocurrency analyst Crypto Lens, if this war continues, there is a possibility of an even bigger fall towards $51,000. This prediction is consistent with analysis previously covered by Bloomberg analysts. $BTC Prices may be displayed Price drops to $10,000. For now, the charts only confirm that Bitcoin failed to break above $70,000 and then fell below a major support zone.
Supply of long-term holders turns positive again
Despite the short-term decline, on-chain behavior showed a more stable pattern among long-term holders. According to Cryptocurrency data, the supply of long-term holders is starting to increase again. The 30-day moving average remains at -674,000. $BTC Approximately +308,000 at the end of November $BTC.
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This change suggests more $BTC They are now held long enough to be in the category of long-term holders rather than being sold by those investors. Since this indicator is UTXO based, it does not always indicate active and new purchases. Categories can also reflect coin aging as long as it remains unused.
Still, this change indicates an increase in holding activity even as Bitcoin remains range bound. Historically, periods of rising prices have been occasionally preceded by similar movements, but it is too early to draw firm conclusions from that alone, the source material said.
