Bitcoin Drops Below $65K Amid Market Pullback and Middle East Tensions

Bitcoin (BTC) has pulled back to $64,156 after hitting its monthly high of $65,500, losing 1.1% in the process. Ether (ETH) has also declined by 1.7%. Altcoins PUMP and ZEC have fallen 4.4% each, reflecting a lack of liquidity in the market. U.S. equities have retreated 0.25%, extending a 30-day downtrend. The war in the Middle East, with Iran's attacks on U.S. military bases and ongoing U.S. airstrikes, has been a key catalyst for price action. CEX trading volumes have risen for the first time in five months, with spot trading up 15.3% to $1.11T and RWA perpetual volumes hitting a record $311B.