IBIT is trading at $45.78, down 3.03%, as Middle East tensions and rising yields pressure risk assets.
- Houthi missile attacks on Saudi airports and reports of possible U.S. strikes on Iran heightened geopolitical risk.
- Surging oil and Treasury yields are adding inflation worries; reporting also links the broader crypto pullback to Iran tensions and higher yields.
- U.S. stocks are lower in a broader risk-off move, while the supplied price context shows IBIT extending its recent losses.