🌍 A new escalation in the Middle East conflict, and $Bitcoin reacts immediately.
On April 13, 2024, Iran launched a drone and missile attack on Israel in response to Israel destroying the Iranian embassy in Syria. Bitcoin immediately reacts with a slight increase in value to further plunge by more than $10,000.
Why so? And where the main cryptocurrency is heading?
Some factors could make BTC surge.
📈 The approaching halving pushes the BTC price up.
📈 The US inflation is increasing and people may start looking for a hedge against inflation.
📈 11 BTC ETFs were approved by the SEC, and it also impact positively the main crypto.
However, there is one detail that may send the BTC price to the bottom.
📍The escalating conflict and the surge in inflation mean that people won’t have extra money to invest in crypto.
Some experts are skeptical about the coming Bitcoin rally while others are optimistic about it. We will be following the situation to see what happens next.