Bitcoin Price Dips Below $71K Amid Geopolitical Uncertainty

Bitcoin's price has been affected by the recent failure of US-Iran peace talks, leading to a dip in its value below $71,000. The cryptocurrency market is experiencing increased volatility due to rising bond yields and a softer dollar.

Riya Sehgal, Research Analyst at Delta Exchange, notes that Bitcoin is consolidating near a critical support band of $70,000-$70,500. If this zone holds, it could pave the way for a recovery towards $72,500-$74,000, but a breakdown may trigger a deeper correction.