Startups & VC

Bitcoin at US$63,386: The geopolitical storm Wall Street missed

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Bitcoin fell to $63,386 following the collapsed US-Iran ceasefire talks and Iranian threats to close the Strait of Hormuz, triggering synchronized selling across global markets. The decline reveals Bitcoin's current function as a macro derivative rather than independent asset—$ 6.35 billion in spot fund outflows over 30 days show institutional investors treating digital assets as discretionary holdings during geopolitical stress. Support at $63,200 will signal whether institutional capital stabilizes or continues draining.

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Bitcoin at US$63,386: The geopolitical storm Wall Street missed

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