Bitcoin Back at $70K Despite Middle East Conflict

Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals and Cornix trading Bot for the best automated trades – https://telegram.me/cryptosignalalert

Download our free app and receive signals on your mobile – https://play.google.com/store/apps/details?id=com.freecryptosignals.app

This week saw a big investment in OKX, Kraken received a Fed Master Account, while Justin Sun reached a $10 million settlement with the SEC.

This time last Friday, the tension was building in the Middle Eastern region, but only a handful of people could have predicted how the world would change just hours later. On Saturday morning, Israel and the USA joined forces to launch a military operation against Iran, which began with air strikes.

Iran retaliated and continues to do so as the week progressed, even though its Supreme Leader was killed during the first day of the attacks. Since then, the developments on the matter have quickly escalated, with almost a dozen countries already being directly involved, while essentially every nation has felt the consequences in one form or another, especially after the Strait of Hormuz was closed and energy prices skyrocketed.

Amid all of this massive geopolitical tension, which began on an off-day for every other financial market aside from crypto, bitcoin’s price has remained stable overall. Well, that’s after the initial Saturday shock when it tumbled by $4,000 to $63,000. It quickly rebounded, recovered all losses, and even headed to new local peaks during the business week.

Although there’s no evidence that this war could end soon, BTC surged by $11,000 from its Saturday low to $74,000 on Wednesday. However, it faced an immediate rejection there and now trades around $70,000. This is still roughly 5.5% higher than its price level last week, which is rather surprising given the surging uncertainty.


Great live trade statements from our premium members

Cornix trading Bots are performing very well and our Binance Futures members are making money.

These truly makes us one of the Best Binance Futures BOT in Trading Market.

Make profit on Binance Futures by using our Signals and Cornix trading Bots.

Join our FREE Binance Futures Group and enjoy Profit.

Comments

Popular posts from this blog

Zcash Leads Market Gains, Bitcoin Climbs Above $103K

ZEC Hits 7-Year Peak, BTC Wobbles Near $110K

Is 2025 the Calm Before Crypto’s Big Change?