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Bitcoin Slumps to 6 Week Low on US-Iran Ceasefire Deal
Bitcoin fell below $73,000 on Thursday, touching its lowest level in more than six weeks as renewed US military strikes on Iran intensified geopolitical uncertainty and pressured global risk assets, according to traders and market data. The largest cryptocurrency by market value was down about 4 percent in early trading, with prices around $72,700 at one point, extending a slide from earlier in the week. Ether and other major tokens also declined. The downturn followed reports that the United States conducted fresh strikes against Iranian targets near the Strait of Hormuz, a strategic oil shipping route, dampening ... (full story)
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