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Bitcoin Dips to $83K Amid Ongoing Middle East Tensions

Guavy AI Editorial Team
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Bitcoin slipped to $83,050 on Monday afternoon in Asia after trading at around $84,400 for most of the weekend.

The decline began during morning trading and marked a 1.6% drop over 24 hours, according to CoinMarketCap.

Ethereum also fell, down 1.9% to around $2,646, while XRP dropped 2.2% to $1.48.

The total crypto market capitalisation stood at about $2.86 trillion, down 1.2% on the day, according to CoinMarketCap.

The weekend's main macro development came from the Middle East, where Iranian Foreign Minister Abbas Araghchi offered a ceasefire deal to US President Donald Trump.

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