Bitcoin continues to weaken, dragged down by renewed worries of war in Iran.

During the European trading session at noon, concerns about the escalating Iran war weakened risk appetite once again, with Bitcoin and other cryptocurrencies continuing to be under pressure. U.S. President Trump stated on Wednesday that the United States will "deliver a very heavy blow to Iran in the next two to three weeks." Analysts at Sangbao Bank noted in a report that the trend of cryptocurrencies continues to be aligned with broader risk appetite, rather than serving as safe-haven assets. "The macro environment remains a key driver, with geopolitical uncertainty and oil prices impacting the flow of funds across various assets." Data from the London Stock Exchange Group shows that Bitcoin fell by 2.5% to $66,459, while Ether dropped by 4.9% to $2,029.