Bitcoin Falls as U.S.-Iran Impasse Hits Risk Sentiment
Dow Jones08-11 15:17
0717 GMT - Bitcoin falls as hopes for a reopening of the Strait of Hormuz fade, causing investors to shun risky assets. President Trump said he would seek reparations for the Iran war after Tehran made its own demands for compensation as part of its conditions for reopening the strait. The impasse lifts oil prices and boosts expectations for interest-rate rises by the Federal Reserve, hitting risk sentiment. The oil-price rally is making markets anxious ahead of Wednesday's U.S. inflation data, Tickmill Group's Patrick Munnelly says in a note. Bitcoin falls 0.3% to $63,933, LSEG data show.
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