Bitcoin Price Crashes as Iran Strike and Crypto Hack Spree Shake Markets

Bitcoin price fell sharply as renewed Iran conflict fears collided with a wave of crypto hacks, giving us a fresh market shock. Reports of US strikes on Iran’s Qeshm Island revived concerns about oil supplies, while a string of security breaches continued to undermine confidence across the digital asset industry. The sell-off comes as we are grappling with weak crypto sentiment, falling ETF flows and uncertainty surrounding global markets. Bitcoin is now caught between geopolitical risk and a growing security crisis within its own industry. The latest reported US strikes added uncertainty to an eight-month conflict that has disrupted shipping through the Strait of Hormuz. Oil prices edged higher after the reports, with Brent crude trading near $105 per barrel today.

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