#write2earn #Bitcoin Rebounds Amidst #GeopoliticalTension : #Halving Event in Focus $BTC

Bitcoin made a comeback after a period of intense geopolitical tension calmed down, which had previously caused significant drops in cryptocurrency prices.
Initially, the digital currency plummeted over 6% to $59,643 on Friday but later stabilized around $64,450 by 8:53 a.m. in London. Other tokens like Ether, Solana, and the beloved Dogecoin among meme enthusiasts also found their footing.
The tension escalated as Israel retaliated against Iran shortly after Tehran's missile and drone attacks, rattling global markets. However, reports of the safety of nuclear facilities in Isfahan, Iran, provided some relief. This led to a slight reduction in gains for traditional safe-haven assets like bonds, gold, and the dollar, while stocks and US equity futures recovered from earlier lows.
Amidst this Middle East conflict, attention is diverted from the Bitcoin halving event scheduled for later that day, which will reduce the new supply of the cryptocurrency.
Historically, halving events have boosted Bitcoin prices. However, this time, Bitcoin had already hit a record high in mid-March, raising doubts about whether the expected impact of the halving is already factored into the price.
Stefan von Haenisch, head of trading at OSL SG Pte, suggested that ongoing tensions between Israel and Iran could lead to a cautious approach across the cryptocurrency market. However, he believes that it would take a significant drop in prices to reverse the optimism surrounding the halving event.
Strategists from JPMorgan Chase & Co. and Deutsche Bank AG have indicated that investors have already factored in the quadrennial halving event. Additionally, US-based Bitcoin exchange-traded funds (ETFs) have experienced five consecutive days of net outflows leading up to the event.

Dimon of JPM highlights global financial concerns👀
"The may be the most dangerous time the world has seen in decades."
  - Jamie Dimon, Friday October 13, 2023
We began the Friday NY session with the above premonition from JPM's Jamie Dimon despite reporting an earnings beat, as the veteran CEO pointed to:
1.dwindling consumer cash buffers
2.persistently tight labour markets
3.elevated inflation pressures extreme levels of govt debt
4.largest peacetime fiscal deficits
5.unknown long-term impacts of QT
6.supply-chain impacts from geopolitical tension
as a long-list of reasons of why he believes that the world is heading into choppy waters in the foreseeable future.
Markets ended the week in the same manner we began, worrying about the kinetic conflicts between Israel and Hamas, which has had little impact on asset prices so far, but is certainly in danger of taking a turn for the worse on escalating urban warfare. Gold surged by 3.5% on Friday with a corresponding spike in vol to 5 month highs, oil spiked by 6%, treasury yields fell by ~6bp, and US stocks closed around 0.5-1% weaker despite a promising start to the earnings season.
#JPM #GeopoliticalTension #macro #Israel #Hamas

🚨🌐 Brace yourselves for breaking news! 🚨🌐

🇺🇸🇮🇱🇮🇷 Explosive intel suggests Iran's imminent strike on Israel, with the U.S. issuing an urgent warning. The Wall Street Journal confirms the tension.

But here's the twist: 📈 If Bitcoin surges amid the chaos, it could cement its status as the ultimate crisis-resistant asset. Yet, a plunge could fuel critics' claims.

Stay tuned, as this event could reshape the crypto landscape dramatically! 🚀 #CryptoAlert #GeopoliticalTension #BitcoinBoom "#Memecoins #etf