Bitcoin Erases Iran War Gains as Inflation Surges, Capital Flees to AI
Bitcoin and Ethereum have surrendered all gains accumulated since the start of Middle East hostilities, as geopolitical escalation and resurgent inflation concerns trigger a structural rotation out of crypto and into safer, higher-performing asset classes. The leading cryptocurrency opened Friday, June 12 at $63,553.08—up 3.4% following President Trump’s claim that the Iran conflict had ended—but…