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Bitcoin (BTCUSD) Tumbles as Oil Price Surge Threatens Recovery Amid Fed Hawkish Risks

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The Story

News Summary

  • Rising oil prices near $120 may force the Fed into tighter policy, threatening Bitcoin's recovery despite current strength amid U.S.-Iran tensions and crypto deleveraging.
  • Bitcoin fell below $70,000 as energy costs surge, with oil futures serving as a key market sentiment indicator.
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