Why Is Bitcoin Price Going Down Today?

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Why Is Bitcoin Price Going Down Today?

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Bitcoin now trades near $62,500, down about 2.2% to 2.4% over the past 24 hours. The drop is slightly steeper than the broader crypto market, which fell around 2%. Escalations between the US and Iran over the weekend pushed oil prices sharply higher, with Brent crude rising more than 3%. Higher oil prices raise fears …