Bitcoin Slumps Amid Escalating US-Iran Tensions

Bitcoin's price slid on Tuesday as investors pulled back from riskier assets in response to escalating tensions between the U.S. and Iran.

The cryptocurrency had initially shrugged off President Donald Trump's threats against Iran, but a series of attacks between the two nations sent shockwaves through the market.

The U.S. Central Command announced on Tuesday that it had launched strikes against Iranian targets in response to recent attempted attacks on commercial shipping and American service members.

Iran retaliated with its own military operation, causing oil prices to surge.

Bitcoin's price was down over 2% on the day, trading at $77,363. This comes after a wild ride for the cryptocurrency in recent months, which has seen significant swings due to geopolitical tensions and inflation concerns.