Bitcoin price retreated sharply overnight as geopolitical risks returned and as investors embraced a risk-off sentiment ahead of the US consumer inflation report. The BTC/USD pair dropped to 61,920, down by over 4% from its highest point during the weekend. Geopolitics and US Inflation Report Bitcoin and other risky assets dropped sharply as investors embraced a risk-on sentiment after the US and Iran went back to war. The Trump administration has already blocked Iran’s oil shipments and reinstated the blockade. Trump also suggested that the US will impose a 20% fee on all cargo passing through the Strait. As a ... (full story)