Bitcoin falls as risk appetite weakens due to Middle East conflict.

As the Middle East conflict expands, pushing up oil prices and weakening risk appetite, Bitcoin falls. Reports citing port officials said on Wednesday that two foreign oil tankers were attacked in Iraqi waters. Analysts say hopes of a quick end to the war are diminishing. The International Energy Agency confirmed a report on Wednesday that the agency will release 400 million barrels of oil from its emergency reserves, the largest amount ever, but this has not had any impact on the market. Data from the London Stock Exchange Group shows that Bitcoin fell 1.5% to $69,597.