Bitcoin experiences 2% drop amid surge in oil prices due to energy shortage concerns

Bitcoin’s value has dropped for four consecutive days, reaching 66,272 USD. Concurrently, oil prices surged nearly 20% due to fears stemming from the Middle East conflict over potential supply shortages.

Warnings from Iraqi officials about possible disruptions in oil production have escalated prices to their highest since April 2022. Donald Trump predicts these rising oil prices will be short-lived.

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