Bitcoin’s price has just dropped to $69,750, marking its lowest level since early April.
Analysts attribute the decline to the sudden collapse of peace negotiations between the United States and Iran. In particular, Iran officially suspended all peace talks with the U.S. yesterday following Israel’s intensified military operations in Lebanon.
Adding further pressure to the market, Michael Saylor’s MicroStrategy sold Bitcoin for the first time in four years. The company reportedly sold 32 BTC to help finance its dividend obligations.
This move has raised questions about Saylor’s famous “never sell” stance and has fueled concerns among some investors that a new “crypto winter” may be approaching.
