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Bitcoin fell 1.7% before 9am.
Guys, second straight day of US-Iran airstrikes, Hormuz traffic halted, traders dumped risk on reflex. Classic whipsaw, right?
Meanwhile Bloomberg reports the Trump Bitcoin Reserve is stuck in internal gridlock, departments fighting over who controls it.
A sovereign entity can't execute its own allocation.
So what's actually driving price, the geopolitics or the bureaucracy nobody's talking about?