Bitcoin slumps as trump's iran deadline looms

Bitcoin plummeted 2.2% on Monday, wiping out yesterday's gains that briefly pushed it above $70,000 for the first time since March, as the deadline for President Trump's threatened attacks on Iranian infrastructure looms closer.

Other digital assets also tumbled, with ethereum, the second-largest token, falling 2.8%.

Global stock markets were volatile ahead of Tuesday's deadline, with S&P 500 futures dropping 0.4%. Analysts say the sentiment around Bitcoin remains bearish in the short and medium term, with experts like Rachael Lucas of BTC Markets noting the market is in a holding pattern where