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Bitcoin Price Drops Below $80K Amid Escalating Tensions and Rising Oil Prices

Guavy AI Editorial Team
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BTC
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Bitcoin's price dipped below $80,000 amid escalating US-Iran tensions and rising oil prices. The conflict pushed crude above $101 per barrel, fueling inflation concerns.

The US 10-year Treasury yield reached a three-year high, further reducing appetite for risk assets like Bitcoin. Meanwhile, the Japanese yen strengthened significantly, adding market strain and prompting speculation about potential Bank of Japan rate hikes.

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