The latest weakness came as global markets turned cautious following a delay in US–Iran peace talks.
The postponed discussions reduced hopes for a durable truce in the Middle East and revived concerns over energy-market volatility, inflation pressure and broader risk-off positioning.
Bitcoin has been trading like a high-beta macro asset. When geopolitical stress rises, traders often rotate toward cash, the US dollar and short-duration government bonds instead of speculative assets.
