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Bitcoin drops below $68,000 amid US-Iran tensions
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Bitcoin's price has fallen below $68,000 as escalating US-Iran conflicts drive volatility in cryptocurrency markets. The drop follows a US-Israel attack on Iran and recent statements from leaders on both sides, compounded by weak US jobs data. Other major coins like Ethereum and XRP have also declined.
Egypt's Central Bank Monetary Policy Committee is expected to hold interest rates unchanged at its Thursday meeting, following cuts in December 2025 and February 2026. The decision comes amid rising core inflation and geopolitical risks. Experts describe the hold as the most prudent option to maintain stability.
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During Tesla's latest earnings call, CEO Elon Musk issued a passionate plea for other companies to invest in domestic battery production to mitigate geopolitical risks. He highlighted Tesla's own costly efforts in Texas as a necessary but burdensome step amid fragile global supply chains. Musk warned that firms ignoring these vulnerabilities could face existential threats.