Context for Chatgpt: After attacking Israel against Iran, the bitcoin course and the whole crypto market showed a significant decline and testified to its strong correlation with contemporary geopolitical tension.
This could suggest that investors turn to traditional assets to protect themselves from financial losses, which increases some concerns about the state of bitcoin refuge.
Gold approaches new heights
The crypto markets collapsed and after the attack of Israel on Iran, liquidation recorded up to $ 1 billion. At the time of writing this article, Bitcoin was negotiated for $ 104,830 (or EUR 90,655), in the last 24 hours by almost 3 %.
Similarly, the Ethereum courses dropped by 10 % after the attack, which deteriorated the liquidation for these assets.
On the other hand, gold increases. It approaches the new peaks, expensive metal, which was clearly focused on re -obtaining its privileged value position in the refuge during the geopolitical stress period.
“The deterioration of the geopolitical situation was caused by Flambée Gold Awards,” the Mary stock market analyst noted.
It pointed out that the levels of critical support are $ 3,420, 3 402 and $ 380. A breakthrough above $ 3,440 could potentially prepare a trip for a range of $ 3,468 to $ 3,493 during the US session. Thus, at the time of the editorial staff, gold was agreed for $ 3,422.
The price of gold could continue to increase, while the tension between Israel and Iran can intensify. After the attack of Israel on nuclear places and Iranian military leadership, the nation warned of a “deadly” reaction.
The situation seems to be deteriorating and now the United States and North Korea are dealing with parties. On the one hand, North Korea would promise military support for Iran, a country that condemns Israeli actions and calls for the need for a military reaction.
Pamphlets, the media associated with the state of the USSR, noted that, according to North Korean President Kim Jong Un, this is a question of freedom. Kim previously described Israel as cancer and threat to world peace.
In addition, Iran is a member of the OCS, a mutual defense agreement that includes China and Russia. In this context, Beijing condemns Israeli aggression against Iran as a violation of international law.
On the other hand, the United States seems to be built on the side of Israel, despite their interest in diplomacy. According to CNN, President Trump said he did not want Israel to focus on Iran when negotiations on a possible nuclear agreement continue.
“I want an agreement with Iran. We are quite close to the agreement.… As long as I think there is an agreement, I don’t want it to happen because it would fail.
Messages are bound by Bret Baier Political Host to the words Trump support Israel.
This suggests that Trump could change his approach later during the day. However, Iran seems to be determined and raised the red flag of revenge.
The red flag is associated with sadness and martyr in Shia Islam. After the American American drone 2020, which killed General Qas Soleimani, a prominent Iranian military leader, the red flags were also raised as a symbol of revenge. This practice is associated with the challenges of the highest guide after the reward.
The values of refuge are returning to a sense of risk
The current crisis has also caused significant divergence in the performance of asset. Really, gold flourishes while crypto seems to be painting. Analysts recommend that traders follow signs of weakening dynamics ascending. This is especially important if the European trade sessions cannot maintain its strength.
“The geopolitical situation is unstable and people must strictly control the function of stop-lines when they differ independently,” said analyst Mary.
The change of feeling that is currently in favor of gold compared to bitcoins is also cope with the recent remarks of Marcina Kazmierczak. The co -founder and COO of Redstone really said that Bitcoin may not be ready to replace gold or duties as a refuge.
“With correlations from -0.2 to 0.4, bitcoin shows a variable relationship with actions rather than providing a constant negative correlation, which is indeed necessary to protect its portfolio,” Kazmierczak said during the interview.
He said Bitcoin can add diversity to the investment portfolio, but will not reliably protect against the stock market accident.
Thus, while some crypto supporters argued that bitcoin is a real digital gold, the recent fluctuation of its price suggests that it always behaves as a high -risk asset during the period of acute uncertainty.
While the tension is intensifying and the markets react, the contrast between the rise of gold and the decrease in bitcoins feeds new stories around the attacks.
Investors are now preference for the historical safety of precious metals compared to the volatility of digital assets in times of crisis, which is important not to ignore.
Morality History: When it goes a little bad, bitcoins, that’s good. When everything is bad, gold may be better.
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Notice of non -response: In accordance with the TRUST project, Beincrypto undertakes to provide impartial and transparent information. The aim of this article is to provide accurate and relevant information. However, we invite readers to verify their own facts and consult a professional before it decides on the basis of this content.
