The broader cryptocurrency market feels the weight of strained US-Iran negotiations, pushing Bitcoin (BTC) below $63,000 on Friday. Israeli missile strikes over Lebanon bend the first clause of the peace agreement, raising concerns over the renewed passage through the Strait of Hormuz. The bearish pressure in the crypto market extends to altcoins, with Bitcoin Cash (BCH) and Hyperliquid (HYPE) leading the losses over the last 24 hours.

Sellers hold control amid endless Middle East tensions

Bitcoin hovers below $63,000 at press time on Friday, after three consecutive days of losses so far this week, driven by Kevin Warsh’s hawkish speech on Wednesday and now the cancellation of the US and Iran trip to Switzerland for further…