Bitcoin's price has dropped below $67,000, falling to around $66,800 after a 2.3% decline in the last 24 hours. This drop is attributed to heightened geopolitical tensions, particularly following China's announcement of support for Iran amid fears of a U.S. military strike, as well as anticipation of upcoming wholesale inflation data. The market has also seen significant liquidations of long positions, totaling nearly $260 million, contributing to the bearish sentiment.
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