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Bitcoin faces fresh inflation pressure as MidEast conflict lifts oil prices

CoinDesk reports renewed MidEast conflict has pushed oil higher, adding to inflation pressures that weigh on Bitcoin.

Reported · Written up by our desk · Bitcoin

CoinDesk reports that renewed MidEast conflict has sent oil prices higher, a move that can intensify inflation concerns for risk assets including Bitcoin.

Latest closeBitcoin $63,168.34 ▲1.5%

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Sources

CoinDeskBitcoin's inflation quagmire gets stickier as renewed MidEast conflict sends oil price soaring

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