Bitcoin

<h2 id="quick-take">Quick Take</h2>
<p>The recent conflict in the Middle East has surprisingly not destabilized the financial markets, as one might expect. Instead, data analysis reveals a slight increase across various financial assets. Gold, historically considered a safe haven during volatile periods, experienced a 3.31% hike. Bitcoin, the leading cryptocurrency, has also increased by 1.74% since the start of the war.</p>
<p>The SPX, Nasdaq, and DXY indices rose by 0.88%, 0.57%, and 0.27%, respectively, evidence of sustained market confidence. WTI Crude Oil, however, exhibited noticeable volatility, plunging from $90 to $82 per barrel before the war, regaining some ground to hover around $86. The Volatility Index (VIX) presented a similar scenario, jumping to 20 on Oct. 13 and then receding to just above 17 yesterday, Oct. 16.</p>
<p>The high volatility of traditional financial assets like WTI Crude Oil might indicate a potential ripple effect on Bitcoin and other cryptocurrencies.</p>
<figure id="attachment_365580" aria-describedby="caption-attachment-365580" style="width: 100%" class="wp-caption aligncenter"><img class="wp-image-365580 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/10/Israel.png" alt="Assets since the start of the war on Oct 7: (Source: Trading View)" width="1542" height="1102" srcset="https://cryptoslate.com/wp-content/uploads/2023/10/Israel.png 1542w, https://cryptoslate.com/wp-content/uploads/2023/10/Israel-300x214.png 300w, https://cryptoslate.com/wp-content/uploads/2023/10/Israel-1024x732.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/10/Israel-768x549.png 768w, https://cryptoslate.com/wp-content/uploads/2023/10/Israel-1536x1098.png 1536w" sizes="(max-width: 1542px) 100vw, 1542px">
 <figcaption id="caption-attachment-365580" class="wp-caption-text">
  Assets since the start of the war on Oct 7: (Source: Trading View)
 </figcaption>
</figure>
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptoslate.com/insights/bitcoin-advances-as-gold-and-markets-show-resilience-amid-geopolitical-unrest/">Bitcoin advances as gold and markets show resilience amid geopolitical unrest</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Bitcoin advances as gold and markets show resilience amid geopolitical unrest

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