Bitcoin slides to $76,600 as oil spike and Iran tensions stall the rally.

Bitcoin retreated to $76,600 as a combination of rising oil prices and escalating Iran-related geopolitical risk took the wind out of a nascent recovery. Risk-off pressure across macro markets appears to be the dominant force, with energy prices acting as an inflation signal that weighs on speculative assets.

Geopolitical flare-ups in the Middle East have historically triggered short-term <a class="ticker-mention" href="/en-US/token/btc">BTC</a> sell-offs as traders reduce exposure across the board. The key question now is whether $76,600 holds as support or whether sustained macro headwinds push price toward the next demand zone below.