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Crypto

US-Iran Conflict Sends Bitcoin Price Plummeting by 1.36%

Guavy AI Editorial Team
Instruments
BTC
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The price of Bitcoin has dropped by 1.36% to $77,655 due to increased geopolitical risk in the region following US military strikes on Iranian targets near the Strait of Hormuz.

Rising conflict region risk is causing weaker demand for cryptocurrencies and impacting near-term market sentiment.

Technical signals show that Bitcoin currently sits below its key moving averages, with oversold indicators suggesting a possible short-term rebound.

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