Bitcoin Dips as Trump hints at Iran Conflict
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bitcoin and other cryptocurrencies plummeted Thursday following President Trumps hints of tougher military actions against Iran. Bitcoin dropped by 2.9%, Ether by 4.9%, and Solana by 5.1%. This comes after a brief market uptick earlier in the week due to Trumps talk of potentially ending the Iran conflict. Asia Pacific stocks also declined by 1.7%, while Brent crude oil surged by over 5%. Bitcoins recent volatility has been tied to stock market swings, but it hasnt reacted as strongly to every headline. Big holders, or whales, have been net sellers, and spot Bitcoin ETFs saw outflows of $174 million. On-chain metrics show whales at multi-year lows for transfers, with institutions and everyday traders waiting for regulatory clarity or geopolitical calm.
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