Bitcoin Faces Dual Pressure from Geopolitical Tensions and Macro Data

Bitcoin is under pressure as global markets de-leverage amid geopolitical uncertainty, specifically following the U.S. rejection of ceasefire terms in the Strait of Hormuz. QCP Capital noted that investors are reducing risk exposure, with Bitcoin falling from $84,500 to $82,800. Market participants remain highly sensitive to upcoming U.S. macroeconomic data, including the PCE price index and non-farm payroll reports, which could influence future Federal Reserve policy.