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Bitcoin Price Drops 1.8% Amid Escalating US-Iran Tensions

Guavy AI Editorial Team
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The Bitcoin price dipped to around $83,050 on Monday afternoon in Asia, down 1.8% over 24 hours due to geopolitical tensions.

The decrease came after US President Trump rejected Iran's seven-day ceasefire proposal, which would have lifted sanctions and frozen assets in exchange for a regional truce.

Brent crude prices remained near $104 a barrel, keeping inflation risk on the table alongside military concerns.

Other cryptocurrencies like Ethereum, XRP, and Solana also fell in sympathy with Bitcoin, while the total crypto market capitalization dropped 1.2% to approximately $2.86 trillion.

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