Bitcoin experienced a notable decline Monday as escalating tensions between the United States and Iran prompted investors to retreat from higher-risk assets, including cryptocurrencies. The leading digital asset by market capitalization fell 1.8% to trade at $62,853.4 during early Monday trading hours. This price level represents approximately a 50% decline from Bitcoin’s October peak. The weekend witnessed an exchange of attacks between Washington and Tehran, with both nations offering contradictory reports regarding the status of the Strait of Hormuz. While US officials maintained the crucial shipping channel ... (full story)