Bitcoin Drops Below $83,000 as Iran Talks Stall and Oil Prices Climb

Bitcoin (BTC) fell below the $83,000 mark as geopolitical tensions escalated following stalled negotiations between Iran and world powers. The breakdown in diplomatic talks triggered a surge in oil prices, prompting investors to shift capital toward traditional safe-haven assets. The cryptocurrency market reacted swiftly, with BTC losing key support levels as risk sentiment deteriorated. Traders are closely monitoring the situation, as rising energy costs and geopolitical uncertainty continue to pressure digital assets. The correlation between Bitcoin and broader risk markets remains evident, with the flagship cryptocurrency struggling to maintain momentum amid the ongoing crisis.