Why is Bitcoin down today? US-China trade deal fails to impress, Israel-Iran conflict threat rises

Today, Bitcoin’s price decreased significantly as negotiations between the US and China yielded no substantial outcomes. After reaching a peak of 110,300 USD, Bitcoin struggled with the backdrop of rising geopolitical threats between Israel and Iran.

Inflation rose to 2.4% year-over-year, complicating expectations for Federal Reserve rate cuts. Analysts now predict delays in such cuts, contributing to market instability, while gold prices have surged amid growing Middle Eastern tensions.

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