menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Iran Attac...
source image

Coindoo

3w

read

153

img
dot

Image Credit: Coindoo

Iran Attacked US Bases in Qatar: What Was Bitcoin’s First Response

  • Bitcoin experienced a sharp downturn in response to news of Iran attacking US bases in Qatar.
  • BTC's value dropped from over $101,800 to below $99,800 following the news.
  • The pre-news dip indicates existing market anxieties or other factors were influencing prices.
  • Bitcoin's price stabilized and began to recover shortly after the reported missile launch.
  • By 16:45 UTC, Bitcoin was trading back towards the $100,800 mark.
  • The partial recovery suggests the market's ability to absorb and move past geopolitical events swiftly.
  • Bitcoin's sensitivity to global geopolitical developments is increasing.
  • The market's responses to breaking news can vary.

Read Full Article

like

9 Likes

For uninterrupted reading, download the app