Bitcoin Price Drops Below $72,000 Amid Market Volatility

Bitcoin's price has been affected by a combination of factors in recent days, leading to a decline below the key support level of $72,000. The cryptocurrency has faced significant outflows from exchange-traded funds (ETFs), with over $2.4 billion withdrawn in the past week. This has contributed to increased market uncertainty and selling pressure, weighing on institutional demand.

Additionally, rising oil prices above $90 have added to the market's volatility, while renewed US-Iran military tensions have heightened geopolitical risks. These factors have pushed Bitcoin down nearly 10% from its May highs, with analysts warning of further losses if the price breaks below a key support zone.