The conflict between Israel and Iran caused a drop in the price of #Bitcoin last week, but it didn't last long as optimistic institutions went bargain hunting, leading to an increase in demand and a rapid recovery in price.

Strategy and Metaplanet, two of the most prominent bitcoin treasury companies, bought a combined total of 11,212 BTC in the last 24 hours, taking advantage of the momentary drop in the price of the cryptocurrency following the conflict that erupted in the Middle East.