Bitcoin holds three-week high as Iran tensions offset soft inflation data

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Bitcoin maintained a three-week high on Tuesday after U.S. inflation data came in softer than expected, initially boosting crypto markets. However, escalating tensions between the United States and Iran tempered those gains, keeping prices relatively stable. The cooler inflation report had offered optimism to risk assets, including cryptocurrencies. Geopolitical uncertainty in the Middle East acted as a counterweight, preventing a stronger rally in the crypto market.

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