Bitcoin (BTC) fell toward $70,000 late Monday, with other major cryptocurrencies also declining, as rising U.S.-Iran tensions and Strategy's BTC sale pressured risk assets.
The world's largest cryptocurrency dropped 4.2% over the past 24 hours to $70,587, while Ethereum (ETH) dipped 1.1% to $1,986, according to The Block's price page. BNB lost 2.4%, XRP slipped 3.8%, and Solana fell 2.8%.
"Crypto dropped as U.S.-Iran tensions flared, triggering a risk-off wave as investors ditched high-beta assets amid Strait of Hormuz instability fears," said Dominick John, analyst at Zeus Research.
Geopolitical uncertainty intensified on Monday after Iran suspended negotiations with the U.S. in protest of Israel's military offensive in Lebanon. While U.S. President Donald Trump said the talks were still ongoing, CNN reported that Trump had a heated exchange with Israeli Prime Minister Benjamin Netanyahu over Israel's plans.
"Talks are continuing, at a rapid pace, with the Islamic Republic of Iran," Trump said Monday in a Truth Social post.
