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

US strikes on Iranian air defenses near the Strait of Hormuz sent Bitcoin below $73K, triggering nearly $1B in crypto liquidations as geopolitical tensions escalate.

Iran halted US-mediated peace talks after Israeli strikes on Beirut, keeping the Strait of Hormuz blockaded and rattling Bitcoin markets as Iran launches crypto insurance platform.

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