When geopolitical tensions rise, BTC first kneels—it's the old script.

CoinWorld reports that after Trump's threats against Iran escalated, Bitcoin fell below the $60k mark, briefly rising to $62,400 during the day. The US May CPI increased by 0.5% month-over-month and 4.2% year-over-year, meeting expectations. Although the data initially boosted risk assets, the market quickly focused on the Middle East situation, with potential disruptions in the energy market seen as a long-term inflation risk, which could suppress monetary policy expectations and cryptocurrency prices.