Why was Bitcoin down on Jul 17, 2026, 5:22 PM UTC?

Bitcoin's modest positive movement in the short term (0.47-0.71% over 15min-1h) appears driven by a recovery bounce, as recent news shows the asset has been under pressure from a broad risk-off selloff tied to an AI sector correction and geopolitical tensions (Iran strikes). The negative 24h change suggests these headwinds remain dominant, making the current uptick likely a technical rebound rather than conviction-based buying.