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Bitcoin Sinks to 2-Week Lows Amid Rising Oil Prices

Guavy AI Editorial Team
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BTC
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Bitcoin's price has dropped to its lowest in two weeks, falling by 2.9% on Monday to $63,018.

This comes as US stocks diverged from Asian markets, with American equities remaining stagnant while Asian indices staged a relief bounce.

The decline was driven by concerns over potential Federal Reserve rate hikes and rising oil prices, which have surpassed $100 per barrel due to geopolitical tensions in the Middle East.

Ether also suffered losses, dropping 4.1% during the session and underperforming Bitcoin on the downside.

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