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Bitcoin Plunges Amid Iran Conflict, US Inflation Fears

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Bitcoin fell to $77,197.6 on Friday as U.S.-Iran military tensions kept traders wary of risk-driven assets.

The world's largest cryptocurrency dropped 1.7% and was down 3% this week, snapping three straight weeks of gains.

Broader crypto prices retreated amid anxiety over the Iran conflict and U.S. interest rates.

Oil prices surged over 11% this week, fueling concerns over higher energy-fueled inflation and potential rate hikes by major central banks.

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