Bitcoin gewinnt 61.000 US-Dollar im schlechtesten Start des optimistischsten Monats zurück, da die Spannungen zwischen Israel und Iran weiter anhalten
https://www.coindesk.com/markets/2024/10/02/bitcoin-regains-61k-in-worst-start-to-most-bullish-month-as-israel-iran-tensions-rage-on/?utm_content=editorial&utm_medium=social&utm_source=telegram&utm_term=organic&utm_campaign=news
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tldr; Bitcoin (BTC) rose above $61,500 in Asian morning hours Wednesday after dropping to $60,300 late Tuesday due to escalating tensions in the Middle East. The conflict, involving Iran firing 200 ballistic missiles at Israel, affected BTC’s performance during the first half of Asia trading hours. This development comes as the market hoped for a rally in Bitcoin’s historically bullish month. The CoinDesk 20, a measure of the most liquid digital assets, experienced its worst drop in weeks amid these geopolitical tensions.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
The world needs to be at peace, for the good of humanity and for our dear crypto.
Covid, FTX, Ukraine-Russia, Israel-Iran – Does no one see a pattern here? Every year something happens that brings ze dump
Looking at the historically average trend of stocks (so not crypto) over October, it tends to go lower until the middle of the month before rising again at the end. So maybe something similar will happen for BTC and crypto.
The ongoing wars are actually good for us.
I know it sounds strange but hear me out guys. The war is funded with fiat which is getting printed which will increase inflation. Also there is a lot of fud which will lower the prices in the short term. But after the war with the inflation crypto will soar and outpass the inflated fiat.
Market was clearly looking for a reason to dump, this time it is Israel-Iran tensions but it could have been just a bank collapsing. If I am not wrong, after cut rates, markets use to dump or at least find an excuse to dump.
There was just too much liquidity under the current price. Market makers caught the longs to buy cheaper.