Bitcoin (BTC) has moved lower after failing to hold above its recent peak of $78,400. The asset slipped toward $75,000 following increased market pressure linked to geopolitical tensions in the Middle East.

Price action shows Bitcoin had earlier climbed from below $70,500 to a 10-week high. The move followed brief optimism around reported diplomatic progress between the United States and Iran. Market sentiment shifted after conflicting reports on the Strait of Hormuz situation, leading to a rejection near the top range.

Bitcoin now trades more than $3,000 below its recent peak. Its market capitalization has eased toward $1.5 trillion, while dominance over altcoins has risen to 57.5%.

Crypto markets reacted to developments involving…