The cryptocurrency slid approximately 4.1% in the latest session, mirroring investor caution amid escalating Middle East tensions. In contrast, gold surged to $3,410 an ounce, up about 0.6% over the past hour, as investors flocked to traditional safe‑haven assets. The precious metal’s advance was further supported by a weakening dollar and anxiety over geopolitical flare‑ups. Bitcoin‘s fall also contributed to the day seeing $920 million in derivatives liquidations with $875 million being long bets.

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