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Bitcoin declines as U.S.-Iran tensions and tech stock drops impact markets
Bitcoin's value declined by 0.9% to $64,216 amid a decrease in risk appetite caused by a drop in tech stocks and escalating tensions between the United States and Iran. Additionally, expectations of the Federal Reserve maintaining current interest rates contributed to the cautious outlook. US data showed a decline in inflation and retail sales, along with a reduction in initial jobless claims, which may lessen the urgency to raise interest rates quickly. However, statements from a Federal Reserve official indicate the possibility of tightening monetary policy to stabilize inflation.
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