Cryptocurrency analytics firm Santiment has analyzed the performance of Bitcoin and other cryptocurrencies during previous major real-world conflicts. They found that while prices initially fell, there were significant rebounds afterward. Santiment cited the recent conflict between Israel and Palestine in October 2023, where Bitcoin lost 5% of its value in the first four days but gained 12% in the following 9 days. In the Ukraine-Russia conflict in February 2022, Bitcoin lost 10% on the first day but gained 27% in 6 days. Additionally, BlackRock's recent report stated that Bitcoin prices recover within an average of 60 days after geopolitical crises. However, it's important to note that this is not investment advice.
- Content Editor ( en.bitcoinsistemi.com )
- 2024-10-03
How Bitcoin Price Might Move After Iran-Israel Tensions Analytics Company Shares Historical Data