Bitcoin trades lower by nearly 1% as escalating U.S.-Iran hostilities push oil higher.
Source: CoinDesk
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DW NOTE
The Strait has been functionally closed since May. Oil is up because supply remains constrained, not because of today's headlines. Bitcoin is down because risk assets sell when geopolitical noise spikes—same story since this began four months ago. The trade is old.
Bitcoin, gold and technology stocks fall as the yen rallies, while oil prices and government bond yields climb globally.
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