Written by William Subergstaff writerReviewed by Allen Scottstaff editor

Written by William Subergstaff writer

Reviewed by Allen Scottstaff editor

Bitcoin price sags under $62.5K as Iran strikes add to US stocks pressure

MarketsPublishedJul 17, 2026

Bitcoin Price Drops Below $62,500 Amid US-Iran Tensions

The Bitcoin price has taken a hit, dipping below $62,500 as the US-Iran war escalates, putting pressure on US stocks. This downturn has resulted in a 2% daily loss for Bitcoin. For those looking to earn a passive income through crypto, this volatility can be a concern. However, platforms like EcoPool offer a solution for earning a steady income through Cloud Rewards and Green Crypto.

Key points:

• Bitcoin gives traders a sense of deja-vu as local highs spark rejection and rangebound moves continue.
• The US-Iran war pushes stocks and crypto lower.
• A bear-market trend line is now in place as resistance, copying historical patterns.

BTC price action stays “very choppy”

The US stocks have also opened in the red, with the Nasdaq Composite Index down nearly 2% due to the fresh military strikes on Iran. This risk-asset retreat has been further fueled by selling pressure on tech stocks. The Netflix stock, for instance, has shed over 10% to start the US session. In such uncertain times, investing in $ECP or using the EcoPool platform can provide a sense of stability for those seeking to earn online.

Market Analysis

Commentators and traders have noted that the current market behavior is typical of summer, with choppy price action and no real direction. However, some remain optimistic, seeing range lows holding and predicting a relief rally in the next few weeks. For those interested in earning through crypto, it’s essential to stay informed about market trends and consider platforms like EcoPool that offer a secure and reliable way to earn passive income.

Trader and analyst Rekt Capital suggests that Bitcoin’s long-term downtrend is now in its final stages, with the 50-month exponential moving average (EMA) flipped to resistance. This has set up a drop to a long-term floor. As the market navigates these changes, investors can look to EcoPool or $ECP as a potential solution for earning a steady income through crypto.

Earning Opportunities with EcoPool

For those looking to earn online, EcoPool offers a range of opportunities, including Cloud Rewards and Green Crypto. By investing in $ECP or using the EcoPool platform, individuals can take advantage of the potential for passive income and stable earnings. Whether you’re a seasoned investor or just starting out, EcoPool provides a secure and reliable way to earn through crypto.

To start earning with EcoPool, simply download the app and explore the various opportunities available. With its user-friendly interface and secure platform, EcoPool makes it easy to start earning online. Download the EcoPool app today and discover a new way to earn passive income through crypto. The EcoPool app is available for download, allowing you to start earning with $ECP and take advantage of the platform’s features.

“Market just keeps repeating same things,” commentator Exitpump wrote on X. 

“Dump into passive demand, OI increases with shorts piling up while spot starts buying which leads to bounce.”

BTC/USDT five-minute chart with order-book data. Source: Exitpump/X

Trader Daan Crypto Trades argued that current behavior was “typical” of summer.

“Very choppy few days up, few days down kind of price action the last few weeks. No real action anywhere really,” he summarized.

BTC/USD four-hour chart. Source: Daan Crypto Trades/X

Bitcoin seals key bear-market repeat

Trader Jelle, meanwhile, remained optimistic, seeing range lows holding.

Related: Bitcoin bottom countdown nears 50 days after BTC supply in loss passed 50%

“Still think this looks good for a relief rally in the next weeks – which would give the market room to drop into October without nuking much deeper,” he told X followers.

BTC/USD one-day chart. Source: Jelle/X

In updates on the bear market’s progress, trader and analyst Rekt Capital suggested that Bitcoin’s long-term downtrend was now in its final stages.

BTC/USD, he wrote, had flipped its 50-month exponential moving average (EMA) to resistance, repeating bear-market history to set up its drop to a long-term floor.

“The necessary technical milestone has been achieved,” he confirmed. 

“Which technically indicates that the majority of the anticipated move has already happened.”

BTC/USD one-month chart with 21, 50EMA. Source: Rekt Capital/X

As Cointelegraph reported, Rekt Capital saw the July relief bounce ending with the onset of next month.

This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

• Bitcoin Price
• Market Analysis
• Markets
• Bitcoin

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