Bitcoin Falls as Iran War, AI Fears Weigh — Market Talk

Bitcoin stays under pressure as the U.S.-Iran conflict and concerns about artificial intelligence spending weigh. The ongoing Iran war pushes oil prices higher, boosting expectations for U.S. interest-rate rises. Alphabet and Tesla both reported negative free cash flow for the second quarter and expect higher capital expenditures, fueling AI spending fears. Meanwhile, Republicans on Wednesday released an updated U.S. Clarity Act which aims to establish a regulatory framework for digital assets. Under the new proposals, presidents and federal officials would be banned from issuing or sponsoring cryptocurrencies. Bitcoin falls 1.2% to $65,107, LSEG data show. ([email protected])