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Bitcoin Plummets Below $106K Amid Geopolitical Turmoil

6/13/2025

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Summary

Story summary

Cryptocurrencies fell sharply on Thursday, with Bitcoin dropping below $106K amid geopolitical tensions and U.S. monetary policies.
President Trump's tariff threats and U.S.-Iran relations raised market uncertainty.
U.S. stocks experienced slight gains, diverging from the negative crypto market sentiment.
Weak economic data intensified pressure on the Federal Reserve, complicating monetary policy discussions.

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Story summary

Cryptocurrencies fell sharply on Thursday, with Bitcoin dropping below $106K amid geopolitical tensions and U.S. monetary policies.
President Trump's tariff threats and U.S.-Iran relations raised market uncertainty.
U.S. stocks experienced slight gains, diverging from the negative crypto market sentiment.
Weak economic data intensified pressure on the Federal Reserve, complicating monetary policy discussions.