0655 GMT - Bitcoin falls slightly after U.S. forces resumed strikes against Iran in retaliation for the downing of a U.S. helicopter near the Strait of Hormuz. Renewed geopolitical tensions can trigger selling in bitcoin as traders rush back into cash, dollar liquidity and traditional safe haven assets, Zaye Capital Markets analyst Naeem Aslam says in a note. U.S. inflation data at 1230 GMT are also key for the cryptocurrency, he says. Softer inflation would support bitcoin through lower yields, a weaker dollar, and stronger risk appetite while hotter inflation would weaken the digital currency, he says. Bitcoin drops 1.2% to $61,372 after hitting a 20-month low of $59,125 Friday, LSEG data show. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
June 10, 2026 02:56 ET (06:56 GMT)
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