Dogecoin extended its recent losses on Thursday, drifting toward the $0.07 level as investors reacted to renewed geopolitical tensions and a broader decline across the cryptocurrency market. The meme coin continues to mirror weakness in major digital assets as traders reduce exposure to riskier investments amid escalating conflict in the Middle East. US-Iran conflict weighs on risk assets Market sentiment deteriorated after tensions between the United States and Iran intensified. Iran launched attacks targeting US military bases in the Middle East following American strikes on multiple locations inside Iran. The US also reinstated sanctions on Iranian oil exports, stating the move was in response to attacks on commercial vessels transiting the Strait of Hormuz.
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