Analyzing the impact of the Iran-Israel war on the cryptocurrency market
Bitcoin maintains its position despite international conflicts
On June 22, according to a report from CoinDesk, research from CoinDesk Research shows that Bitcoin is not negatively affected by U.S. intervention in the Iran-Israel conflict. Despite a short-term decline, trading volume quickly surged and a strong recovery emerged. Overall, Bitcoin had dropped below $101,000 but soon broke back above $102,000. Investors reacted quickly to adapt to the volatility, increasing liquidity and bolstering positive sentiment in the cryptocurrency market.
Experts comment on Bitcoin investment strategies during times of volatility
James Lavish, managing partner of the Bitcoin Opportunity Fund, stated: 'If you sell Bitcoin out of concern for global war, then you may not fully understand the nature of cryptocurrency.' On-chain indicators show that the market is in a balanced state, with no signs of excessive profit-taking or panic buying. Derivative data indicates that investor sentiment remains quite cautious, while the demand for protection against downturns remains high, reflecting the cautious sentiment of the cryptocurrency market in the face of political risks.
Source: https://tintucbitcoin.com/btc-phuc-hoi-manh-bo-qua-cang-thang-iran-israel/
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