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Bitcoin Holds Steady Amid Middle East Tensions

  • Bitcoin faced a slight pullback amid Middle East tensions but bounced back, unlike altcoins.
  • Geopolitical tensions impact financial markets, with Bitcoin serving as a hedge during crises.
  • Bitcoin initially dropped to around $98,200 but quickly rebounded above $100,000.
  • Spot Bitcoin ETFs saw significant net inflows compared to Ether ETFs, signaling investor preference for Bitcoin.
  • Bitcoin's decentralized nature and increased institutional adoption contribute to its appeal during uncertain times.
  • Investors are turning to Bitcoin as an alternative asset amidst Fed policies and inflation concerns.
  • Middle East tensions could lead to increased volatility for Bitcoin as it continues to serve as a safe-haven asset.
  • Altcoins like Ethereum, XRP, Solana, and Cardano struggled amid the market sell-off.
  • XRP faced legal uncertainties and selling pressure, while Ethereum faced higher losses and liquidations.
  • Solana and Cardano showed weaknesses in their setups, with Bitcoin emerging as a safer option for investors.

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