With just one available market, traders rushed to sell crypto to raise cash, which led to a short-term drop in the price of Bitcoin.
Last weekend, the whole world was focused on the escalation in the Middle East. Iran carried out its long-promised attack on Israel. This event was special due to the following factors: — Everyone knew that this attack would happen as it was widely announced in the press. — Most markets are closed on weekends. Crypto markets are the only global markets that trade 24/7. Thus, it is possible to monitor investor reaction and evaluate whether Bitcoin served as a safe-haven asset in this situation.
Last weekend, the whole world was focused on the escalation in the Middle East. Iran carried out its long-promised attack on Israel. This event was special due to the following factors: — Everyone knew that this attack would happen as it was widely announced in the press. — Most markets are closed on weekends. Crypto markets are the only global markets that trade 24/7. Thus, it is possible to monitor investor reaction and evaluate whether Bitcoin served as a safe-haven asset in this situation.
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