Trump Rejects Iran Deal, Bitcoin Drops Below $74K

Bitcoin fell below $74,000 after President Trump rejected reports of a U.S.-Iran memorandum, erasing earlier gains. The sell-off followed White House denials of a draft MOU and renewed U.S. strikes near the Strait of Hormuz, triggering over $300 million in liquidations. Earlier in the week, rising deal odds on Polymarket had lifted BTC toward $77,500 from a record 90-day uptrend that carried prices from sub-$60,000 February lows to near $83,000. Traders now monitor $76,000 support amid oil-price volatility.