Bitcoin Falls Amid Uncertainty over Middle East Conflict
Dow Jones
Yesterday
0714 GMT - Bitcoin falls as continued uncertainty over the Middle East conflict keeps investors cautious over risky assets. President Trump denied reports that the U.S. offered Iran sanctions relief in exchange for Tehran showing concrete steps regarding its nuclear program. Bitcoin drops 0.6% to $83,075, LSEG data show. Upcoming U.S. inflation and employment data will be key for broader risk appetite and bitcoin, Zaye Capital Markets analyst Naeem Aslam says in a note. "If yields fall and exchange-traded fund demand remains positive, bitcoin could find stronger support above $83,000; if inflation stays firm and real yields remain elevated, the market may continue to struggle for momentum despite its improving institutional base," he says.
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