Bitcoin Drops 3% as Trump Iran Comments Weigh on Stocks

The notable detail here is the ETF cost basis acting as a reference level: a pullback that lands on that line tests the conviction of holders who bought through the ETF wrapper, a cohort whose behavior differs from native crypto traders. That the trigger came from geopolitical remarks rather than a crypto-specific catalyst reinforces how tightly bitcoin's intraday direction is now tied to broader risk sentiment. Whether that cost-basis level holds, or gives way alongside equities, is the open question worth watching.