Crypto vs Conflict: Bitcoin Price Dips as US–Iran Rumors Escalate 📉
Bitcoin experienced a decline on Wednesday following rising geopolitical tensions between the United States and Iran. This caused a significant surge in crude oil prices, climbing over 4%. Bitcoin fell from a daily high of $110,000 to a trading price of $107,657.61.
The market reaction is typical in risk-off environments, where investors shift away from risky assets like cryptocurrency.
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