As Oil Moves Higher, Bitcoin Sinks to Lowest Price Since March
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Bitcoin plummets to a more than two-month low, sinking in tandem with U.S. stocks as Middle East tensions drive up bond yields and oil prices, with Brent crude reaching a seven-month high. The surge in oil prices, now exceeding $123 per barrel, weighs heavily on investors' risk appetite, further depressing the cryptocurrency's value.
Bitcoin fell to a more than two-month low alongside U.S. stocks after Middle East skirmishes pushed bond yields and oil prices higher.