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Bitcoin bounces after dip to under $99K
- Bitcoin dipped below $100,000 following US strikes on Iran’s nuclear sites, with the price now above $101,000.
- Geopolitical tensions may further impact BTC price if Iran escalates and blocks the Strait of Hormuz.
- US military strikes on Iran's nuclear facilities sparked risk aversion in digital-asset markets.
- Bitcoin experienced panic selling during the weekend, dropping sharply.
- An unexpected US operation targeted Iran's nuclear sites, causing a sell-off in Bitcoin and Ethereum.
- There is uncertainty surrounding Iran's response and potential further escalation.
- Markets are preparing for volatility with concerns about disruptions to global oil supplies.
- Bitcoin's price dropped to $98,900, resulting in significant liquidations exceeding $1 billion.
- Ethereum also saw a decline to $2,150 amid the market turbulence.
- Prominent analysts suggest Bitcoin's drop is linked to its status as a liquid asset in times of conflict.
- Further declines in the crypto market are possible if geopolitical tensions increase.
- Risks such as Iran blocking the Strait of Hormuz could impact Bitcoin prices negatively.
- Bitcoin's price movement remains sensitive to global geopolitical developments and market sentiment.
- Bitcoin analyst Pierre Rochard highlights Bitcoin's role as a liquid asset amid the Middle East conflict.
- Escalation of geopolitical tensions could lead to a flight to safe haven assets and lower Bitcoin prices in the short term.
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