Bitcoin Tumbles on Iran War Concerns and Chip Selloff
Bitcoin fell on Tuesday as market concerns about an impending war in Iran and a chip selloff weighed on investor sentiment.
The price of Bitcoin (BTC) dropped to around $44,000, down from its recent high above $47,000 just days ago.
The decline is attributed to the ongoing tensions between the US and Iran, as well as a sell-off in the semiconductor sector which has affected tech stocks.