Bitcoin slid 7% to a nine-week low as US and Iran strikes helped to drive $1.8 billion in crypto liquidations.

Bitcoin begins the week with a trip below $73,000 as macro forces square off with misgivings about the Bitcoin bear-market bottom.

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.