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Home›Crypto›Market Structure›Bitcoin extends pullback as Iran ceasefire plan is rej…

Bitcoin extends pullback as Iran ceasefire plan is rejected

Oil pushed above $100 and bond yields rose ahead of Wednesday's PCE report, adding to risk-off pressure.

Reported · Written up by our desk · Market Structure

Bitcoin extended a pullback from last week as Donald Trump rejected an Iran ceasefire plan, according to Decrypt.

The outlet linked the crypto decline to broader market moves, saying oil climbed above $100 and yields rose alongside the rejection.

Bitcoin's drop also comes with investors positioned for Wednesday's PCE report, which Decrypt noted could further influence rates and risk sentiment.

Latest closeBitcoin $83,535.92 ▼1.1%

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Sources

DecryptBitcoin Falls Lower as Trump's Iran Snub Sends Oil, Yields Higher

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