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Analysis: Bitcoin Breaks Below $84,000 "Shorts' Victory" Price Level as Risk-Off Sentiment Intensifies

Source: www.coindesk.com
According to CoinDesk, Bitcoin briefly dipped below the key $84,000 level previously watched by the market, likely driven by Iran escalating attacks on oil tankers in the Strait of Hormuz which heightened risk-off sentiment, before rebounding above $84,200. Meanwhile, the U.S. dollar and Treasury yields rose as major cryptocurrency assets fell broadly, with DOGE down around 5%, HYPE down nearly 4%, ETH down approximately 3.5%, and XRP down close to 3%.

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