Bitcoin falls to 6-week low below $73,000 as U.S.-Iran military strikes disrupt global markets
By
Francisco Rodrigues
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Summary
Bitcoin dropped below $73,000 to a six-week low as U.S.-Iran military strikes escalated, rattling global markets and pushing oil prices higher. The conflict dimmed hopes for a permanent ceasefire, with Iran's Revolutionary Guards retaliating against American bases and Kuwait intercepting hostile drones. The geopolitical tension directly impacted cryptocurrency markets alongside traditional assets.
Key quotes
· 3 pulledBitcoin fell below $73,000 to the lowest level since April 13 on Thursday as renewed fighting between the U.S. and Iran rattled global markets, pushing oil higher and dimming hopes for a permanent ceasefire.
Iran's Revolutionary Guards said they retaliated by targeting the American base used to launch the attacks, warning future responses would be 'more decisive,' the New York Times reported.
Kuwait, which hosts five U.S. bases, said it intercepted hostile drones and missiles.
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