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Bitcoin dips below $70,000 as US-Iran war brings back crypto volatility

Bitcoin dips below $70,000 as US-Iran war brings back crypto volatility

The price of Bitcoin slid further Saturday, dropping to $68,000 after earlier this week breaking above $70,000 for the first time in a month.

Bitcoin’s price recently stood at $68,005, according to CoinGecko, a 3% drop over the past day. Over the past week, the coin has risen by more than 6%.

Its drop comes after exchange-traded fund investors reversed course and quickly redeemed their shares on Thursday and Friday, cashing out a total of $576.8 million, according to Farside Investors.

The rest of the week saw positive flows into the funds, and on Wednesday, the coin reached as high as $73,669.

Experts previously told DL News that a war between Iran and the US would lead investors to de-risk.

And when Israel and the…

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