Bitcoin price threatens $75K loss as US-Iran peace progress sparks new stocks records
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- Bitcoin slipped below $75,000 at the Wall Street open on Wednesday following news of a US‑Iran peace memorandum.
- Bitcoin fell as WTI crude dropped to $87.77 per barrel, its lowest since April 22, reflecting renewed hopes for the Strait of Hormuz to reopen.
- Traders on X noted that Bitcoin's price is diverging from US equities, with a large liquidation cluster around $74,000 that could pull the price lower.
- Exitpump labeled Bitcoin's market as "weak and bearish," forecasting a possible drop toward $72,000.
Why it matters: Crypto investors lose as Bitcoin drops under $75k, while stock traders profit from record highs; lower oil at $87.77 cuts energy costs, easing inflation pressure.
