Bitcoin (BTC) Tumbles as Middle East Tensions Send Markets into Turmoil
3 Articles
3 Articles
The bitcoin (BTC) operates in decline on Monday (13), still within the range in which it has been oscillating in the last few days. The cryptocurrency tries to stay above the US$ 62 thousand, while investors follow the tension in the Middle East, with the closure of the Strait of Ormuz and the rise of oil. The disclosure of the US consumer inflation rate, scheduled for tomorrow, is on the market radar. At around 10:10, the bitcoin was traded at …
BTC slips below $63K as Middle East tensions offset ETF inflows
Key takeaways Bitcoin fell to $63,000 after renewed geopolitical tensions in the Middle East weakened investor risk appetite. The U.S. military’s latest strikes on Iran and heightened tensions around the Strait of Hormuz boosted demand for safe-haven assets while pressuring cryptocurrencies. Spot Bitcoin ETFs recorded $197.4 million in weekly inflows, ending an eight-week streak of […] The post BTC slips below $63K as Middle East tensions offset…
Bitcoin (BTC) Tumbles as Middle East Tensions Send Markets into Turmoil
Bitcoin dropped 1.8% to $62,853 as U.S.-Iran tensions escalated. Oil surged 4% while stock futures declined, dampening risk appetite across markets. The post Bitcoin (BTC) Tumbles as Middle East Tensions Send Markets into Turmoil appeared first on Blockonomi.
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