The demand for Bitcoin has sharply declined following the escalating tensions in the Middle East, according to market analysis. The Net Buyer Volume for Bitcoin has dropped significantly since Iran launched ballistic missiles at Israel in retaliation for Israel's attacks on Hezbollah. The lack of strong buying momentum suggests a lack of demand for Bitcoin. This decline is happening while safe-haven assets like gold are performing well during periods of geopolitical uncertainty. Bitcoin, often called "digital gold," has not mirrored gold's bullish trajectory, highlighting a negative correlation between the two assets.



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