menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

U.S. Launc...
source image

Coindoo

3w

read

386

img
dot

Image Credit: Coindoo

U.S. Launches Strikes on Iranian Nuclear Sites — Here is How Bitcoin Reacted

  • The U.S. launched strikes on Iranian nuclear sites, with all aircraft reportedly exiting Iranian airspace after completing the mission successfully.
  • Former President Trump praised the operation's precision, especially targeting Fordow as the primary site, calling for peace in the region.
  • Bitcoin reacted to the news by dipping 1% in the past 24 hours and 3.2% for the week, trading around $102,130 with a total market cap of $2.03 billion.
  • The drop in Bitcoin price is attributed to a broader risk-off sentiment as investors consider the potential escalation of conflict in the Middle East.
  • Analysts note that Bitcoin usually serves as a hedge in times of uncertainty, but sudden military events can lead to short-term volatility in all asset classes, including cryptocurrencies.
  • The future direction of Bitcoin's price will depend on how the geopolitical situation unfolds in the upcoming days.

Read Full Article

like

23 Likes

For uninterrupted reading, download the app