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Bitcoin Plummets Amid US-Iran Tensions

Published 1 week, 4 days ago
Description

Bitcoin and broader markets plummeted amid escalating US-Iran tensions, with Bitcoin dropping 1.8% to $68,160. Three hundred thirty-six million dollars in crypto positions were liquidated, and stocks tumbled, particularly in Asia. Oil prices surged, fueling inflation concerns and raising Fed rate hike odds. Bitcoins path hinges on conflict de-escalation and Fed moves, with $68,160 as key support and $65,800 as the next line of defense.

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