Bitcoin Price Drops USD 6,000, What Is the Impact of the Israel-Iran Conflict?

[Suba]

Before news of the Iran vs Israel conflict spread, Bitcoin was trading at $68k, but after news of the conflict spread the price of Bitcoin fell to $62k (down $6 thousand), while the price of Ethereum fell around 10%, but now the price of Bitcoin is starting to creep up to $65 k.

In my opinion, the decline in Bitcoin prices is not only due to the Iranian drone launch, but also the halving that will soon occur, macroeconomic.

 

[magnus2022]

Isreal and iran conflicts is also a factor that is indirectly affecting price of bitcoin. I have noticed that once crude oil price goes up, there is 60% probability that bitcoin will experience bullish. The reason is not farfetched, a lot of countries and oil tycoons start sourcing oil through black market. Black market usually trade in cryptocurrency.