Why was Bitcoin down on Jul 17, 2026, 6:25 AM UTC?

Bitcoin's recent 3.22% decline over 24 hours appears primarily driven by geopolitical tension—specifically the U.S. strike on Iran and Trump's China comments—which typically create risk-off sentiment in markets. The positive institutional news (T. Rowe Price ETF, Citadel's $400M investment, Keyrock acquisition) suggests underlying crypto sector strength, so the weakness is likely situational rather than fundamental.