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Bitcoin drops as U.S., Iran airstrikes sink risk appetite across markets

Bitcoin drops as U.S., Iran airstrikes sink risk appetite across markets

Crypto markets fell Wednesday after fresh airstrikes in Iran spurred a risk-off mood among investors. The CoinDesk 20 Index dropped 2.9% since midnight UTC, with all but one token declining.

Addressing NATO leaders, U.S. President Donald Trump declared the ceasefire “over” and said negotiating with Iran is a “waste of time,” though talks continue, according to news reports.

The U.S. Central Command said it hit more than 60 Islamic Revolutionary Guard Corps small boats to prevent them disrupting international shipping and Iran retaliated with attacks on Kuwait and Bahrain.

The Dollar Index (DXY) rose as the reignited tensions are likely to stoke inflation concerns. Bitcoin and ether (ETH), the two largest cryptocurrencies,…

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