TheBlock
Bitcoin dropped below $77,000 on Sunday night as investors reacted sharply to President Trump's latest threat against Iran posted on Truth Social. The move lower reflects a broader risk-off shift, with geopolitical escalation adding fresh uncertainty to an already jittery macro backdrop.
Analysts point to a compounding concern: if Trump's hawkish posture toward Iran pushes oil prices higher, the resulting inflationary pressure could force the Federal Reserve to hold rates elevated — or even hike further. That scenario is toxic for risk assets, and Bitcoin, increasingly correlated with macro sentiment, is absorbing the hit alongside equities.
The $77,000 level had been holding as near-term support. A sustained break below it opens the door to further downside, with traders now watching Fed commentary and oil price trajectories as the key near-term catalysts.
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