Bitcoin’s momentum hit a wall Sunday, briefly slipping beneath the $74,000 threshold as geopolitical shockwaves rippled through the digital asset market. The sharp downturn erased the cryptocurrency’s hard-won weekend gains, triggered by escalating hostilities between the United States and Iran.

The market turbulence followed Tehran’s vow of retaliation after the US military seized an Iranian cargo ship, reigniting fears of a broader conflict in a volatile region. Investors quickly retreated to safety, demonstrating once again how traditional geopolitical saber-rattling can abruptly puncture the buoyant sentiment surrounding the world's premier cryptocurrency.