Home BlockchainUS-Iran Tension, Government Shutdown, Winter Crisis: Bitcoin Heading For a Bloodbath?

US-Iran Tension, Government Shutdown, Winter Crisis: Bitcoin Heading For a Bloodbath?

by Vivek Kumar
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US-Iran Tension, Government Shutdown, Winter Crisis: Bitcoin Heading For a Bloodbath?

Bitcoin sold off sharply on Wednesday, falling more than 6% in 24 hours and briefly dipping into the low $83,000 range. The decline unfolded rapidly late in the session, cutting through intraday support levels with little immediate buying response.

The move comes as three macro risks converge at once: rising US-Iran tensions, mounting expectations of a US government shutdown, and a severe winter crisis straining infrastructure across North America.

Bitcoin Drops Below $85,000. Source: CoinGecko

US-Iran…

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