Bitcoin price falls under $71K as US-Iran war tensions spark sell-off

Bitcoin price sold off as negotiations to end the US-Iran war broke down and the Strait of Hormuz returned to the spotlight.

Bitcoin (BTC) fell 3% to trade below $71,000 into Sunday’s weekly close after negotiations to end the US-Iran war broke down.

Key points:

Bitcoin shed its gains as negotiations between the US and Iran broke down.

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