Bitcoin Falls as Prospect of Lasting Middle East Conflict Weighs — Market Talk
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Bitcoin falls after President Trump said U.S. attacks on Iran are expected to last four or five weeks but could go longer, denting risk appetite. Bitcoin's reaction to the conflict has been volatile. The cryptocurrency initially fell at the weekend when the U.S. and Israel launched attacks against Iran but recovered Monday. Monday's gains likely reflected positioning adjustments and differing views on risks of the conflict as geopolitics are difficult to trade, Jefferies economist Mohit Kumar says in a note. "We do not agree with the sanguine market reaction yesterday and see downside in risky assets over the coming days." Bitcoin falls 1.8% to $68,176 after reaching a two-week high of $70,028 Monday, LSEG data show. (renae.dyer@wsj.com)
source: https://www.tradingview.com/news/DJN_DN20260303001441:0/
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