Analyst: Bitcoin is being hit by the uncertainty of the US interest rate hike and the Iran war bet.

With expectations of a rate hike in the United States and uncertainty surrounding the negotiations for a peace agreement between the US and Iran weakening demand for risk assets, Bitcoin has slightly decreased. Analyst Naeem Aslam from Zaye Capital Markets stated in a report that recent data shows strong economic growth and stable labor market conditions, which, through higher real yields adjusted for inflation, have limited the upside potential for Bitcoin. Data from the London Stock Exchange Group shows that the market currently believes there is an 80% probability of the Federal Reserve hiking rates before December. At the same time, news about whether the US and Iran are close to reaching an agreement is contradictory. According to data from the London Stock Exchange Group, Bitcoin has fallen by 0.5% to $77,254.