😱🇮🇷 **Iranian President Ebrahim Raisi Passes Away: Gold, Silver, and Bitcoin in Motion**

The world is abuzz with the tragic news of Iranian President Ebrahim Raisi and Foreign Minister Hossein Amir-Abdollahian's deaths in a helicopter crash. This incident has had immediate impacts on the markets, particularly affecting gold, silver, and Bitcoin.

**Gold and Silver Surge**
Following the accident, both gold and silver saw significant increases. Gold continued its ascent, reaching an all-time high of over $2,440 per ounce. Meanwhile, silver, which had recently surpassed $30 for the first time in 11 years, jumped to over $32 per ounce overnight.

**Bitcoin's Roller Coaster**
In contrast to the precious metals, Bitcoin initially dropped from over $67,000 to $66,000 upon the news of the crash. However, the leading cryptocurrency quickly rebounded, climbing back above $67,000 by morning.

The deaths of President Raisi and Foreign Minister Amir-Abdollahian have not only captured global attention but have also set the stage for volatile market reactions as trading opens.

#BTC #binance #Iranian

😪🚨😪SAD NEWS 🥲🚨🥲
With the death of Iranian President Ibrahim Reisi, gold, silver, and bitcoin are rising in value.
The nation's president, Ibrahim Reisi, and foreign minister, Hussein Emir Abdullahiyan, perished in yesterday's helicopter crash in Iran, and while everyone was talking about this, the night was active for gold, silver, and #Bitcoin. Silver's ascent persisted while the yellow metal reset the record. In contrast, Bitcoin first had a decrease before seeing another increase.
The effects of the catastrophe on the markets that will open today are also anxiously anticipated, even though the deaths of Iranian President Ibrahim Reisi and Foreign Minister Hussein Emir Abdullahiyan in yesterday's helicopter crash are still very much on the global agenda at night.
#Iran #Iranian #İbrahimCOŞAR

😱🇮🇷Iranian President Ibrahim Reisi passed away: Gold, silver and Bitcoin are moving

While the world was talking about the death of the country's president Ibrahim Reisi and foreign minister Hussein Emir Abdullahiyan as a result of yesterday's helicopter crash in Iran, the night hours were busy for gold, silver and #Bitcoin While the yellow metal refreshed the record, silver also continued its rise. Bitcoin, on the other hand, experienced a decline in the first place and then rose again.

While the deaths of Iranian President Ibrahim Reisi and Foreign Minister Hussein Emir Abdullahiyan in yesterday's helicopter crash are sitting on the world agenda at night, the repercussions of the incident on the markets that will be opened today are also eagerly awaited.

Gold and silver are rising
Ounces of gold and silver, which have experienced sharp rises in recent days, continued their upward trend after the news of the accident spread. Last week, an ounce of silver, which exceeded $ 30 for the first time in 11 years, also passed $ 32 during the night hours. An ounce of gold also continued its rise again and reached an all-time peak, surpassing $ 2440.

Bitcoin fell first, then rose
The emergence of the accident news brought a decline in Bitcoin in the first place, unlike gold and silver. The largest cryptocurrency, while trading above 67 thousand dollars, fell to 66 thousand dollars with the news. Bitcoin, on the other hand, snapped above 67 thousand dollars again in the morning.
#BTC #binance #Iranian

🟢Iranian President Ibrahim Reisi passed away: Gold, silver and Bitcoin are moving.🔥

#BTC #Iranian #BinanceLaunchpool #MicroStrategy #buythedip $BTC

**Market Update: Temporary Dip Due to #Iranian News**

The market has seen a downturn following recent news from Iran, causing some concern among investors. However, there's optimism that this dip might be short-lived. Analysts suggest that $BTC could soon rally, potentially reaching the $72,000 to $73,000 range.

Other altcoins are also expected to see significant gains alongside Bitcoin's rise. If $BTC hits $73,000, it could be an opportune moment to consider short positions. Remember, this is not financial advice—always conduct your own research and invest wisely. #BTC #ETH #BNB #NOT

Cryptocurrency Mining Impact on Iran's Power Grid. 🪙🇮🇷

Cryptocurrency mining strains Iran's power grid, causing an "unusual" 7% increase in electricity consumption in Khordad. The Energy Ministry links the spike to mining activities, leading to instability. Measures include shutting down farms and considering pricing policies for mining power use. Two mining farms in Yazd, with around 1,000 bitcoin machines, were recently closed due to their impact on the grid.

▪️Power Consumption and Subsidized Electricity

The Energy Ministry spokesperson, Mostafa Rajabi, highlighted that the power used for mining each Bitcoin equals the consumption of 24 residential units for an entire year. Reports suggest that the relatively low electricity costs in Iran, heavily subsidized by the government, have attracted an increasing number of cryptocurrency miners, including those from foreign countries.

▪️Impact of U.S. Sanctions and Cryptocurrency

Iran's cryptocurrency mining surge is linked to U.S. sanctions, limiting financial transfers. Cryptocurrencies, like Bitcoin, offer Iranians an alternative for secure transactions amid restricted banking systems.

▪️Government Response and Future Considerations

Iran is considering pricing policies for cryptocurrency miners to tackle a surge in electricity consumption. No specific pricing has been determined, but the government aims to address strain on the power grid. Discussions also include the potential launch of a state-backed cryptocurrency to aid financial transactions amid sanctions.

▪️International Interest and Investments

Iran's relatively cheap electricity has attracted interest and investments from foreign cryptocurrency miners. Blockchain researchers from Tehran-based crypto-startups have reported meetings with investors from Spain, Ukraine, Armenia, and France, indicating a growing interest in cryptocurrency mining opportunities within Iran.

#Iran #mining #BTC #etf #Iranian