Bitcoin Extends Losses as Risk Aversion Rises on Iran Conflict — Market Talk
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Bitcoin falls to a two-and-a-half-week low as investors show skepticism over a resolution to the Iran war any time soon. President Trump extended a pause on strikes against Iranian energy infrastructure by 10 days. However, a WSJ report that the U.S. is looking to send more ground troops to the Middle East raises concerns about a possible escalation. "Digital assets are softer again, reinforcing the view that crypto is still trading as a risk asset rather than a defensive one," Saxo Bank analysts say in a note. An expiry in large bitcoin options Friday could increase short-term price swings as positions roll off and hedges are adjusted, they say. Bitcoin falls 3.3% to a low of $66,293, LSEG data show. (renae.dyer@wsj.com)
source: https://www.tradingview.com/news/DJN_DN20260327004587:0/
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