Did this sweeping action fuel BTC's crashing well below $68K Tuesday?

Iran freezes US negotiations, demands end to Israeli attacks and threatens Strait of Hormuz closure. Bitcoin drops below $73K amid nearly $1B in liquidations.

LONDON, June 2 : The United States announced sanctions on Iran’s biggest cryptocurrency exchange on Tuesday, accusing it of enabling the Iranian government and blacklisted state…

The department previously blacklisted two exchanges with ties to the Iranian regime after Tehran’s crackdown on protesters in January.