U.S.-Iran Tensions

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Illustration of Bitcoin price falling below $66,000 amid surging oil prices from U.S.-Iran tensions, with trading screens and geopolitical symbols.
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Bitcoin falls below $66,000 as oil prices surge on Iran tensions

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The cryptocurrency market experienced a downturn on March 8, 2026, mirroring declines in traditional equities amid escalating U.S.-Iran tensions that drove oil prices up nearly 20%. Bitcoin traded below $66,000, while altcoins like Ether and Solana also slipped. However, by the following day, some digital assets showed modest gains despite ongoing market volatility.

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