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Bitcoin Under Pressure Amid US-Iran Tensions
Bitcoin is facing downward pressure due to reports that US President Trump may initiate military action against Iran within 24 hours. The US stock market, particularly the Nasdaq 100, has experienced significant declines, losing over $3 trillion in market cap recently. Bitcoin briefly fell below the $80,000 support level but rebounded. Ongoing geopolitical tensions could lead to further declines in the cryptocurrency market.