Bitcoin's decline widened, influenced by Strategy's selling and conflicts in the Middle East.

Bitcoin fell to a nearly two-month low as news emerged that Strategy had sold the cryptocurrency for the first time since 2022, and tensions in the Middle East continued to escalate. Strategy announced on Monday that it had sold 32 bitcoins last week, worth approximately $2.5 million. Meanwhile, the United States and Iran have not yet reached a peaceful agreement, and despite a partial ceasefire between Israel and Hezbollah, conflicts in southern Lebanon continue. Trade Nation analyst David Morrison said in a report, "Market sentiment towards bitcoin has deteriorated quite rapidly." He said that bitcoin showed resilience in the first 10 weeks of the Iran war, but investors now seem frustrated with the slow progress in resolving the conflict. Data from the London Stock Exchange Group showed that bitcoin dropped 1.6% to a low of $69,961.