Bitcoin, collapse and recovery after Iran’s attack on Israel
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MILAN – Twenty-four hours on the roller coaster for the Bitcoin After Iran’s attack on Israel. yesterday evening the cryptocurrency began a rapid decline which led it to lose almost 10%, sinking to 61 thousand dollars from 67 thousand at the beginning of the day. Only during the morning did the digital currency regain strength and is positioned in the 65 thousand dollar area.
The military clash has had a negative impact on the stock market with investors turning towards safe haven assets such as government bonds or the dollar. But crises of this nature, he underlines Bloomberg, they are also an important test for the entire crypto world. After Russia’s invasion of Ukraine, all the main cryptocurrencies experienced very heavy collapses, only regaining momentum towards the end of the year.
It should be remembered that Bitcoin is going through a crucial period in its history. In fact, the so-called is expected in a few days halving, that is, cutting the remuneration for its “miners”. Historically, previous halvings have always turbocharged prices but with the cryptocurrency close to historical highs it seems unlikely that a new surge in prices is upon us.
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