Bitcoin falls below $77,000 amid tensions

Bitcoin's value fell below $77,000 due to escalating geopolitical tensions between the United States and Iran, amid growing fears of military escalation and deteriorating conditions in the Strait of Hormuz. This led to rising oil prices, increased yields on government bonds, and greater pressure on high-risk assets like cryptocurrencies. With ongoing uncertainty surrounding interest rates and US employment data forecasts, investors are experiencing a diminished risk appetite despite limited buying activity from the largest institutional Bitcoin holder.

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