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Bitcoin Falls Below $64,000 as US-Iran Deadlock Raises Inflation Concerns

Guavy AI Editorial Team
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BTC
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Bitcoin (BTC) prices fell below $64,000 on Tuesday as uncertainty over the US-Iran deadlock and higher oil prices weighed on investor appetite for risk assets.

Weakening institutional demand also contributed to the decline after US-listed spot Bitcoin exchange-traded funds (ETFs) recorded outflows at the start of the week, with net withdrawals totaling $144.67 million on Monday.

The deadlock between the United States and Iran has increased geopolitical uncertainty, pushing oil prices higher and potentially reviving inflationary pressures.

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