Bitcoin Drops Amid Geopolitical Tensions and Risk Asset Pressure

Bitcoin recorded a sharp decline this Thursday. The asset retreated to the 71,000 dollar range in an environment of global risk aversion.

Rising tensions between the United States and Iran intensified following statements regarding the lack of diplomatic agreements. The U.S. Central Command directed Israel to prepare for new combat. This geopolitical scenario increases concerns about inflation and the Federal Reserve maintaining high interest rates.

The tech market also faces instability following Jensen Huang's departure from Nvidia's leadership. Volatility in the artificial intelligence sector impacts investor sentiment. The removal of Strategy from MSCI benchmark indices at the end of the month reinforces the cautious mood.

Data from Bitget points to nearly 300 million dollars in outflows from U.S. index funds on Wednesday. The lack of institutional demand puts downward pressure on the price. Analysts at FxPro note that breaking the 200-day moving average could lead the asset to seek support between 63,000 and 66,000 dollars.

Triggering automatic sell orders may intensify the downward movement in the short term. The market is closely monitoring how these external factors will dictate price behavior in the coming days.