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Bitcoin Drops Below $104K as Trump Makes Critical Remarks on Iran

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by Giorgi Kostiuk

5 hours ago

Bitcoin's price has once again taken a downturn, influenced by escalating tensions in the Middle East and recent statements from the US president.

Middle East Situation

In recent hours, the situation in the Middle East has worsened, impacting Bitcoin's price. Reports of new attacks and threats have increased tensions in the region. US President Donald Trump stated that the US has 'complete control of the skies over Iran' and demanded the country's 'unconditional surrender.'

Bitcoin Price

Amidst ongoing developments, Bitcoin's price fell to a new five-day low of under $103,500, translating into a daily drop of approximately $5,000.

Bitcoin ETF Statistics

Analytics platform Santiment highlighted that despite Bitcoin's price decline, inflows into Bitcoin ETFs remain strong, with nearly $1.5 billion invested since June.

Thus, the ongoing tension in the Middle East is affecting Bitcoin's price, while interest in ETFs remains strong.

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