Bitcoin Tumbles Amid Iran-US Tensions and Slowing Institutional Demand

Bitcoin's price took a hit on Tuesday after renewed military action between the US and Iran weighed heavily on investor sentiment.

The crypto market has been subject to significant volatility in recent weeks, swinging between optimism over potential breakthroughs and fear of further escalation. The latest developments have seen Bitcoin drop to $75,912, down nearly 2% from its previous session high of around $78,000.

Analysts point to the impact of geopolitics on investor confidence as a key factor in the decline. However, it's not just external factors at play – slowing institutional demand is also exerting pressure on the market.