Bitcoin Suffers On Renewed US-Iran Fighting
Bitcoin Magazine Bitcoin Suffers On Renewed US-Iran Fighting Bitcoin has stumbled on tensions flaring up in the Middle East again. This post Bitcoin Suffers On Renewed US-Iran Fighting first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Source: Bitcoin Magazine
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DW NOTE
Bitcoin fell 2% to $77,208 as oil hit $105 — except the Strait of Hormuz has been effectively shut since early September and the US-Iran ceasefire held since June 28. This isn't renewed fighting; it's a closed waterway draining inventories at 3 million barrels per day while mine clearance drags into month four of six. The headline calls it conflict risk. The standing context calls it a supply shock already underway.