Geopolitical tension in the Middle East again shaken crypto markets. Bitcoin suddenly dropped $ 105,000 under the psychological bar after Tel Aviv claimed a number of attacks on Iran.
In short
- Bitcoin lost 2.8 % in 90 minutes, from $ 106,042 to $ 103,053 after Israeli strikes.
- More than $ 427 million in long positions were liquidated in 24 hours.
- Crypto analysts expect rapid conversion in favor of bitcoins.
Israel’s conflict and Iran forcibly shake the bitcoin market
Explosions that rocked Tehran on Thursday at 10:50. UTC immediately caused a wave of sales on the market of markets. Israel quickly claimed these air strikes and focused on the Iranian nuclear program according to Benjamin Netanyahu.
This military escalation shortened optimistic traders who were betting on the continuation of the increase towards the new historical peaks, despite the growing tension in the Middle East.
The reaction was particularly brutal. In just 90 minutes Bitcoin left nearly $ 3,000, slipped from $ 106,042 to $ 103,053.
This decline of $ 2.8 % in the hope of rapid exceeding the $ 111,940 record set last May. Massive liquidation testifies to the surprise of investors: according to Corglass, $ 427.84 million was swept in long positions in 24 hours.
The contrast is remarkable with traditional refuge. Gold gained 1.44 %, while oil flew 11 %, which fully benefited from regional destabilization. This divergence challenges the true state of bitcoins as a reserve of value in times of geopolitical crisis.
The impacts are not limited to prices. Indeed, Ayatollah Ali Khamenei promised Israel a “serious punishment”, indicating new tension.
Iran has already retired more than 100 drones and supported the disturbing climbing cycle for the stability of the global financial markets.
Crypto experts remain self -confident in spite of volatility
Paradoxically, this autumn does not discourage the symbolic figure of a bitcoin ecosystem. Anthony Pompliano remembers that this reaction is “exactly what happened” during the previous tension in October, when Iran launched hundreds of missiles in Israel.
At that time, Bitcoin initially fell by 3 %before he exceeded gold and oil within 48 hours.
This historical analysis nourishes the optimism of long -term investors. Samson Mow, founder Jan3, directly arrested Ryan Cohen, CEO of Gamestop, and encouraged him to “buy fear”.
His recommendation requires a special resonance when you know that GamesCOP has invested $ 513 million in $ 4,710 bitcoins last May.
This trust is based on solid technical foundations. Data onchain shows that in the last five years 3.77 million BTC has been removed from the stock market platforms, which drastically reduced the available offer. This reinforced strategy would like to catalyze a new upward phase. Some analysts even mention the target at $ 230,000.
The American political environment also remains favorable. Donald Trump’s support for Krypto Industry continues to support positive expectations. Microstrategy Michael Saylor even goes so far that he predicts the final end of the lower markets and presents bitcoins for a million dollars.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.
