Crypto Market's Momentum Falters as War Threat Looms

The crypto market has been experiencing a tailwind in the past week and a half, driven by factors such as stocks rallying, a positive job report, the Clarity Act within reach, shorts getting squeezed, a peace deal with Iran, the DXY going down, and gold rallying.

Despite this momentum, Bitcoin has struggled to break the $70K level, failing even to retest $67K. This has raised questions about what is holding back the market's progress.

The situation may be further complicated by the renewed threat of war with Iran, which could lead to a decline in tech stocks and squeeze out remaining shorts.