Cryptocurrency analysis company Santiment, Bitcoin ve of cryptocurrencies He shared an assessment of how these assets have acted in similar crises before, after experiencing a serious decline after the last Iran-Israel crisis.
According to Santiment, Although Bitcoin Falls in the First Stage in Such Events, It Then Jumped
According to Santiment analysts, in previous major real-world conflicts, although cryptocurrency prices showed an initial decline, serious rebounds followed.
The company cited two recent conflicts as examples.
First, after the conflict between Israel and Palestine started on October 7, 2023, Bitcoin lost approximately 5% of its value during the first four days. However, it gained 12% value in the following 9 days.
In the previous Ukraine-Russia conflict, which started on February 23, 2022, the BTC price lost 10% of its value on the first day. However, it gained 27% value within 6 days afterwards.
In a recent report, BlackRock said that the Bitcoin price recovers on average in 60 days after geopolitical crises.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/iran-israil-geriliminden-sonra-bitcoin-fiyati-nasil-hareket-edebilir-analiz-sirketi-tarihsel-verileri-paylasti/
