Afghanistan, May 28 -- Bitcoin fell to its lowest level in more than six weeks on Thursday as fears over escalating tensions between the United States and Iran triggered a broader selloff in global financial markets and accelerated investor withdrawals from US crypto investment funds.
The world's largest cryptocurrency dropped as much as 3.3 percent in Singapore trading to around $72,643, its weakest level since mid-April. Ethereum, the second-largest digital token, also declined more than 4 percent to about $1,965, marking its lowest level in nearly two months.
The decline came as oil prices rose sharply following fresh military exchanges in the Middle East, while global equities and bonds also weakened. Investors moved away from riskier...