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Bitcoin falls nearly 3% amid Middle East conflict and uncertain geopolitical risks, with risk appetite dented by prolonged US military actions, causing volatility and cautious outlook from analysts.
Bitcoin rose sharply after U.S. military intervention in Venezuela sparked speculation of asset seizures, potentially reducing bitcoin supply and strengthening long-term bullish sentiment.
US military action in Venezuela and control over its vast energy reserves pressured oil and gas prices lower, while Bitcoin is expected to benefit from capital rotation and increased demand as a seiz…