#Write2Earn How far will the price of bitcoin fall after the U.S. attack on Iran?
Following the escalation of the war in the Middle East, Bitcoin falls and is trading in the zone of $98,000.
On June 22, the price of bitcoin fell to $98,000, a level not seen since May 8. Thus, it marks a decline of almost 5% (compared to the previous day) driven by the geopolitical tensions of the war in the Middle East.
The escalation of the conflict, reported by CriptoNoticias, intensified after the U.S. attack on Iranian nuclear facilities. Consequently, the Iranian parliament is considering closing the Strait of Hormuz, a strategic route through which 20% of the world's oil passes, threatening to generate a severe impact on the global economy.
If these tensions do not show signs of easing, and investors continue to liquidate their positions in BTC, the price could further decline in the coming hours or days. BTC could drop to the next support zone, located at nearly $96,000.
On June 22, the price of bitcoin fell to $98,000, a level not seen since May 8. Thus, it marks a decline of almost 5% (compared to the previous day) driven by the geopolitical tensions of the war in the Middle East.
The escalation of the conflict, reported by CriptoNoticias, intensified after the U.S. attack on Iranian nuclear facilities. Consequently, the Iranian parliament is considering closing the Strait of Hormuz, a strategic route through which 20% of the world's oil passes, threatening to generate a severe impact on the global economy.
