Coingape

Bitcoin Price Outlook as US-Iran Conflict Pushes BTC Below $63.1K

Bitcoin price fell below $63,000 as renewed United States strikes on Iran rattled global markets and weakened risk appetite. The drop wiped out the gains of the previous week when sellers had been able to protect the $64,000 region. OIL price rose 4% as traders reacted to shipping risks around the Strait of Hormuz. Liquidations

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