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Bitcoin declines amid technology stock drops and US-Iran tensions

Bitcoin declines amid technology stock drops and US-Iran tensions

Bitcoin's price declined by 0.9% to $64,216 amid a deterioration in risk appetite due to a drop in tech stocks and escalating tensions between the United States and Iran. American economic data showing a slowdown in inflation and a decrease in retail sales is expected to reduce pressure to raise interest rates, despite statements from a Federal Reserve official indicating the possibility of tightening monetary policy in the future.

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