Bitcoin drops on US-Iran war

Bitcoin>>> weakened to its lowest level in over two weeks, falling as low as $76,009, primarily due to broad macro risks stemming from the war between the United States>>> and Iran>>>. This geopolitical uncertainty weighed heavily on risk assets, prompting traders to cut back their positions in cryptocurrencies. The price slump triggered nearly $500 million in liquidations of bullish bets within 15 minutes during early Asia trading, with over $800 million in bullish positions unwound in 24 hours. US-listed spot Bitcoin>>> exchange-traded funds also experienced more than $1 billion in outflows last week, the first time since late January. Analysts from BTC Markets>>> and FalconX>>> attributed the pullback to a macro story and a stop run in the absence of other headlines. Despite the downturn, MicroStrategy>>> continued its accumulation strategy, acquiring $2.01 billion of Bitcoin>>>, though its shares and those of other crypto-related companies like Coinbase>>> and Circle Internet Group>>> declined.