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Bitcoin drops 2.2% as Ukraine, Iran strikes send oil toward one-month high

Cointelegraph·October 12, 2026·1 min read
Bitcoin drops 2.2% as Ukraine, Iran strikes send oil toward one-month high

Bitcoin dropped 2.2% as geopolitical tensions between Ukraine and Iran pushed oil prices toward a one-month high. BTC price action remained rangebound after failing to sustain above $84,000 into the Wall Street open. Rising energy costs added to macroeconomic headwinds for risk assets.

Read at Cointelegraph
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