BTC drops below $68,000! Trump’s tough stance on the Middle East sparks risk aversion

Geopolitical risks in the Middle East are escalating. Trump demands Iran’s unconditional surrender, causing oil prices to surge and risk assets to come under pressure. BTC has fallen back from the high of $74,000, with short-term holders taking profits in large numbers.

📊 Market Data:

• BTC: $68,099 (-4.75%) 24h
• ETH: $1,976 (-5.53%) 24h
• BNB: +1.33% relatively strong
• Mainstream coins mostly down, SOL and AAVE lead the declines

📰 News Highlights:
1️⃣ Trump’s tough stance on Iran: No agreement, demands unconditional surrender, oil prices soar, BTC and stocks come under downward pressure
2️⃣ US Non-Farm Payrolls unexpectedly soft: February unemployment rate rises to 4.4%, employment decreases by 92,000, market reignites expectations of rate cuts
3️⃣ BlackRock private credit fund under pressure: $35 trillion private credit market risks spill over, DeFi market affected
4️⃣ Kazakhstan Central Bank makes a major move: plans to use $350 million in foreign exchange reserves to invest in crypto assets, sovereign funds continue to flow in
5️⃣ Strike receives New York BitLicense: Bitcoin payment company approved to offer trading, billing, and custody services in New York State

This correction is a typical combination of profit-taking and risk aversion. After facing resistance at $74,000, short-term holders quickly take profits, compounded by tense Middle East tensions and rising oil prices, putting risk assets under collective pressure. However, it’s worth noting that long-term positives like Kazakhstan’s central bank entering the market and Strike obtaining a license are overlooked by the market. The rise in unemployment rate actually boosts expectations of rate cuts, which is a positive for the crypto market in the medium to long term.

⚠️ Trading Suggestions:
• Short-term wait-and-see, confirm support at $67,000-$68,000
• Consider phased accumulation in the medium to long term, watch for changes in rate cut expectations
• BNB remains relatively strong, focus on ecosystem opportunities
• Avoid chasing highs or panic selling, control position risk $BTC $ETH ‌ ‌