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Iran-US Conflict Brings Bitcoin Price Below $77K

Guavy AI Editorial Team
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BTC
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Bitcoin's price has dropped below $77,000 in an hour after rising to nearly $79,000 on Sunday evening. The sudden decline is attributed to renewed fighting between the United States and Iran, which had been relatively calm for nearly a month.

The US reportedly increased economic pressure on Iran during this period, but the latest strikes have brought geopolitical tensions back into financial markets. On Sunday, US forces struck two Iranian launchers on the island of Larak, prompting retaliatory strikes against military targets in Jordan.

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