Bitcoin slides as Iran ceasefire collapse sees $75 oil on Hormuz blockade threats

Crypto Insight Summary: Bitcoin price pressure took BTC toward the "crucial" $61,000 mark as oil prices soared on the collapse of the US-Iran ceasefire. Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Geopolitical tensions caused oil price surge, leading to temporary BTC sell-off.