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Bitcoin Slides as Geopolitical Risks Overshadow Looming Halving
Bitcoin sank as part of a wider retreat in cryptocurrencies amid a wave of caution across global markets sparked by Middle East tension. The digital asset fell about 4% to $60,950 as of 10:09 a.m. Friday in Singapore. Tokens such as Ether, Solana and meme-crowd favorite Dogecoin also dropped. Unconfirmed reports of explosions in Iran, Iraq and Syria triggered a flight to traditional havens such as bonds, gold and the dollar. More speculative investments including stocks and virtual currencies endured deepening losses. Markets in Asia had been braced for an Israeli response to an earlier Iranian drone and missile ... (full story)