Bitcoin Falls Lower as Trump's Iran Snub Sends Oil, Yields Higher
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Bitcoin’s price rose toward $80,000 after US President Donald Trump hinted that the US-Iran war would end, pushing oil prices lower.
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A stretched but firmly bullish Bitcoin chart is riding the same tailwind lifting stocks: falling oil, a record Nasdaq, and a Fed that hiked rates while quietly pumping liquidity into the system.
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Bitcoin price action avoided a significant drop below $86,000 as US president Donald Trump pledged a deal with Iran after November’s midterm election.
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