Bitcoin Plunges Amid Iran Conflict, US Inflation Fears
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.