Our Summary:Bitcoin fell 2.7% on Wednesday, its lowest level since October 2, as Iranian attacks in the Strait of Hormuz raised concerns about shipping and inflation. Oil prices rose, fuelling interest rate hike fears, and crypto stocks also declined. The surge in oil prices is expected to keep pressure on cryptocurrencies, with central banks raising interest rates to combat inflation.

Our Summary:Bitcoin has fallen below $84,000 as global oil prices surge due to recent Iranian tanker attacks. The cryptocurrency's price is heavily influenced by macroeconomic factors, including oil prices. The attacks on Iranian tankers have led to increased tensions in the Middle East, causing oil prices to jump. This has led to a decline in Bitcoin's value, as investors seek safer assets during times of economic uncertainty. The current price slump is a result of the increased volatility in the cryptocurrency market, with many investors opting to diversify their portfolios during times of economic uncertainty.

Our Summary:A Senate report highlights Tether's USDT as a key tool for Iran's sanctions-evasion network, raising concerns about the cryptocurrency's role in money laundering. The report found 84% of sanctioned wallets used USDT, with some transactions linked to Iranian proxies like Hezbollah and Hamas.