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Bitcoin Slumps Amid Soaring Yields and Iran Tensions

Guavy AI Editorial Team
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BTC
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Bitcoin remained stagnant at $83.4k on Tuesday as markets grappled with soaring yields and tensions between the US and Iran.

The world's largest cryptocurrency had risen as high as $84,000 earlier in the day but reversed course, according to Investing.com data.

Citi expanding its digital asset services to Japan and the UAE provided some encouragement for traditional finance adoption, but it was not enough to offset concerns over inflation and market volatility.

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