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Will Israel-Iran Conflict Push Bitcoin Further Down? Analysts Discuss

  • The Bitcoin price dropped by 4% to $60,164 due to heightened tensions between Israel and Iran.
  • Some analysts believe that the reaction to the geopolitical news may be overblown, highlighting the volatility typically seen in financial markets during US election years.
  • Prominent crypto analysts suggest that the Bitcoin price could recover, with increased market liquidity and anticipation of Israel's response to the conflict.
  • Despite the immediate impact, it is emphasized that the broader economic backdrop remains favorable for risk assets in the medium term.

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