BTC rallied to $74,000 today then dropped 3.5% to $71,200 within hours. Pentagon confirmed 2,500 Marines deploying to Middle East as Iran escalated around the Strait of Hormuz.
Oil jumped $5 per barrel to $97.30. S&P and Nasdaq flipped to 0.4%-0.5% losses. Gold dropped 1% despite being the traditional safe haven.
The interesting part: $BTC still holds 1.9% on the day. The flush to $71,200 got absorbed fast. The bid underneath is real.
Does $71,000 hold through the weekend, or does oil above $97 drag everything lower?
https://i.redd.it/i3mcmf2k60pg1.jpeg
Posted by Crypto_future_V