Bitcoin slips nearly 3% to $68K as Iran rejects US proposal, adding fresh uncertainty to markets

Global risk aversion due to geopolitical events and inflation concerns can lead to FII outflows from emerging markets like India, impacting overall market liquidity and sentiment. This could particularly affect financial services and IT sectors which are often bellwethers for broader market health.

• •Bitcoin and Ethereum dipped nearly 3% in the last 24 hours.
• •Major altcoins also experienced declines.
• •Geopolitical tensions and inflation concerns are impacting market sentiment.
• •Analysts suggest caution and waiting for a stronger move above $70,000 for Bitcoin.
• •Overall sentiment remains fearful despite institutional accumulation.