Bitcoin fell sharply after reports of US strikes on Iran’s Qeshm Island revived concerns about the Strait of Hormuz and energy supplies. Brent crude traded near $105 per barrel, while the MSCI Asia-Pacific index excluding Japan dropped 1.4% and South Korean shares fell as much as 4.1%. The geopolitical pressure was compounded by a series of security breaches, including an attack on Binance involving $6.3 billion in crypto assets. Mass customer withdrawals and weak ETF flows further weakened confidence, exposing Bitcoin and other digital assets to another wave of selling.
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