Bitcoin fell below $76,000 amid renewed Middle East tensions and ETF outflows. The largest cryptocurrency traded 1.5% lower at $75,730.5.
Renewed uncertainty over an Iran peace agreement and U.S. military strikes dampened sentiment. Iran called the strikes a ceasefire violation.
Reports of Israeli strikes in southern Lebanon added to fears of a wider conflict.
A $1.3 billion block sale of BlackRock's iShares Bitcoin Trust ETF (IBIT) on a dark pool coincided with Bitcoin's sharp decline. Spot Bitcoin ETFs have seen persistent outflows.
Crypto weakness contrasted with record highs in Nasdaq and S&P 500, driven by AI optimism.
Attention turns to the U.S. PCE data on Thursday. Rate cut expectations are limited, with some pricing in a rate hike.
Higher rates weigh on crypto by reducing liquidity. Altcoins fell: Ethereum lost 1.2% to $2,077.92, XRP 1.2% to $1.33, Solana, Cardano, Polygon dropped 0.7% each. Dogecoin flat.
