Bitcoin (BTC) has had a fierce day. After a sharp fall to below 102,500 dollars as a result of an Israeli attack on Iran, the race has recovered again in the early morning to above $ 105,000.
The escalation in the Middle East leads to the necessary unrest on the Cryptomarkt with high volatility. However, according to a well -known analyst, the situation is no reason to panic.
‘Only a few days of influence’
As could be read this morning, the Bitcoin course suddenly dropped with thousands of dollars in a short time. The crash was set in motion by an Israeli attack on Iranian nuclear bases and leaders. However, economist and analyst Alex Krüger is not worried and trivializes the situation:
“Israel-Iran’s last confrontation should only have a few days of influence, instead of a new trend to be defined short-term noise. More comparable to the armed conflict between Israel and Iran in 2024 than with large wars.”
In the meantime, the situation seems to escalate. According to reports from Tehran, Iran launched a counterattack with hundreds of drones to Israel. However, the Israeli air defense already managed to successfully bring down part of the drones. The question now is whether Iran will take more actions. Israel has since indicated that he is prepared for a war with Iran.
The situation causes increased nervousness in the financial markets. Risk aversion among investors is increasing, which can also be seen in the cryptomarket. The competitive price movement of Bitcoin reflects the geopolitical uncertainty that is currently above the markets.
BTC course under pressure
Despite the turbulence, Bitcoin managed to recover relatively quickly. Within a few hours after the decrease, the rate was already above $ 105,000.
The recovery shows that many investors considered the dip as a chance of buying. The demand for Bitcoin as an alternative and possibly safe haven remains, especially now that traditional markets are becoming increasingly unpredictable. But despite the current price exchange, further volatility is certainly not excluded.
At the time of writing, Bitcoin acts at around $ 104,500.
Source: https://newsbit.nl/analist-noemt-iran-israel-conflict-tijdelijk-ruis-geen-zorgen-voor-bitcoin/
