Bitcoin slipped to $62,300, a 3.5% decline in the past 24 hours, after Iran announced it would bar International Atomic Energy Agency (IAEA) inspectors from its damaged nuclear sites.
Geopolitical Tension Fuels Market Uncertainty
Iranian Foreign Ministry spokesperson Esmaeil Baghaei clarified that no meeting occurred between Iranian officials and IAEA Director General Rafael Grossi in Switzerland, contradicting statements from U.S. Vice President JD Vance. The refusal to allow inspections has heightened concerns over the progress of nuclear negotiations, keeping investors wary.
U.S. President Donald Trump and Vice President Vance have voiced optimism about diplomatic talks, yet the mixed signals from Washington and Tehran have left the crypto market on edge, limiting Bitcoin’s ability to regain momentum above the $63,000 threshold.
Institutional Selling and ETF Outflows Dampens Upside
Concurrent with geopolitical pressure, institutional holders continued to liquidate positions, contributing to the cryptocurrency’s downward trajectory. Spot Bitcoin exchange‑traded funds reported fresh outflows, further curbing demand from investors seeking exposure to the blockchain asset.
The combined effect of political volatility and sustained institutional sell‑offs has constrained Bitcoin’s price recovery, reinforcing a bearish outlook for the leading digital coin in the short term.