Bitcoin Price Drops Below $75,000 Amid US-Iran Peace Agreement

Bitcoin's price plummeted below the $75,000 mark on Wednesday's opening of the Wall Street stock exchange, amidst a backdrop of optimism surrounding a peace agreement between the United States and Iran.

The news of the memorandum of understanding aimed at ending the conflict did not have a positive impact on the cryptocurrency market, with Bitcoin (BTC) experiencing a 1.2% decline in value during the day.

According to TradingView data, this marked the lowest weekly levels for the BTC/USD pair.