Bitcoin risks drop below $76K as 7% oil slide fails to spark BTC price rally

Bitcoin fell around 1.7% on Monday as stocks pared early gains fueled by hopes of a diplomatic resolution to the US-Iran war. Bitcoin (BTC) returned below $77,000 after Monday’s Wall Street open as crypto shrugged off hopes of a US-Iran peace deal. Data from TradingView showed BTC/USD extending daily losses to 1.7% after reaching a local high of $78,750 after Sunday’s weekly close. Comments on Iran from US Secretary of State Marco Rubio sparked a sharp retreat in oil prices as markets priced in higher odds of a non-military resolution.