Economy
Bitcoin Falls Below USD 83,000 Amid Tech Sell-Off and Middle East Tensions

Bitcoin Falls Below USD 83,000 Amid Tech Sell-Off and Middle East Tensions

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THE BRIEF
1

Bitcoin retreated below USD 83,000, falling as much as 2.4% in early Asia trading to stand around $82,700.

2

The decline coincided with pressures on risk assets driven by mixed tech earnings and escalating Middle East tensions pushing oil prices higher.

3

US-listed spot Bitcoin ETFs saw $1.1 billion in net inflows during the week, recovering from previous outflows.