Bitcoin Slides to $75,600 as Oil Spikes to $126 on Iran Tensions, ETF Outflows Hit

Bitcoin has fallen 2.1% to around $75,600 amid Brent crude's 7.1% surge to $126.41 per barrel on U.S. military briefings about Iran, pressuring risk assets ahead of GDP data. From $70,000 lows on April 13, it rallied to a $78,452 peak driven by $1.1 billion ETF inflows, MicroStrategy's $2.54 billion purchase of 34,164 BTC, and Trump's ceasefire extension hopes. The reversal accelerated with a $1.35 billion sell-off on April 27, $263 million ETF outflows, Fed's rate hold citing inflation, Trump's Iran proposal rejection, $674.7 million liquidations, and Fear & Greed Index at 39 signaling fear.