Bitcoin Drops Below $63K Amid Iran Deal Optimism as Coldcard Losses Shake BTC Market

Bitcoin (BTC) slipped under the $63,000 mark on Tuesday, even as geopolitical tensions showed signs of easing with hopes for an Iran deal. The cryptocurrency market remains rattled by significant losses reported by Coldcard, a prominent hardware wallet manufacturer, which has added to bearish sentiment among traders. Despite the potential for a de-escalation in Middle East conflicts, BTC price action failed to hold key support levels, with investors closely watching the $60,000 psychological floor. The combination of macroeconomic uncertainty and sector-specific shocks continues to weigh on Bitcoin's short-term outlook, though some analysts view the dip as a potential accumulation zone for long-term holders.