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Bitcoin’s Rally Falters as Iran Turmoil Lingers Over Markets
Bitcoin is struggling to maintain an upswing in momentum while global markets remain under pressure after days of volatility caused by the ongoing conflict in Iran. The original cryptocurrency dropped as much as 2.9% on Thursday to a low of $71,182, after having advanced around 9% a day earlier during US hours. The token has swung between large gains and losses almost daily since the discord began. For much of the week, crypto traders had appeared more positive relative to investors in other assets like equities and gold, which saw significant selloffs as soon as markets reopened following US and Israeli strikes on ... (full story)