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BTC Plunges Amid US-Iran Conflict Sparking Oil Price Surge

Guavy AI Editorial Team
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BTC
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The global financial markets are in turmoil after US military strikes on Iranian targets near the Strait of Hormuz. The news has sent shockwaves through the oil market, with Brent crude prices nearing $95 a barrel and US crude prices also experiencing a significant surge.

Bitcoin (BTC) is not immune to this volatility, falling by 1.2% in value over the past 24 hours to reach a price of $77,645.56. The sharp decline is likely due to investor uncertainty and risk aversion in the face of escalating geopolitical tensions.

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