Bitcoin dives 3% on global asset rout as $5K gold ‘smashed’ on oil fears
Bitcoin bulls gave up their latest mission to reclaim $70,000 as Iran escalation sparked oil supply fears that gripped stocks and gold.
Bitcoin (BTC) erased its latest trip to $70,000 on Tuesday as Middle East tensions sparked a global asset sell-off.
Key points:
Bitcoin and major asset classes all fall after the closure of the Strait of Hormuz.