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Bitcoin falls to $65,300 amid Iran tensions
Bitcoin experienced a slight decline to around $65,300, due to a decrease in risk appetite stemming from escalating tensions between the United States and Iran. Additionally, there are concerns about the potential imposition of new American tariffs targeting 60 trading partners, which led to declines in stock markets and a general drop in cryptocurrencies. Oil prices also rose by 15% over the week, fueling inflation fears and increasing cautiousness among investors, despite Bitcoin recording positive capital inflows and its best performance since May.
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