Key Takeaways:
Bitcoin tumbled below $71,000 on June 1 following escalating U.S.-Iran military tensions.The flash crash triggered $627 million in crypto liquidations, dropping the market cap to $2.52 trillion.Fears rise that future bitcoin sales by Michael Saylor’s Strategy could signal a long-term bearish shift.The collapse of negotiations triggered an immediate shockwave. Oil prices spiked, with Brent crude momentarily jumping from $91.31 a barrel to just over $97, while WTI surged from its Friday low of $86.57 to an intraday peak of nearly $95. Beyond the immediate energy shock, Iran’s exit from the talks sharply raises the risk of a return to active warfare.
