Nothing

United

Bitcoin

Coin

<div class="intro-text">
 Bitcoin has recovered from its recent dip to the $55,000 support level; <a style="color: #0000ff;" href="https://coinmarketcap.com/currencies/bitcoin" rel="noopener noreferrer nofollow">according to Coin Market Cap data, it now trades at around $64,800.</a>&nbsp;
</div>
Also, in tandem with Bitcoin, the price of Ether (ETH) dipped to $2862 in the last few days but has recovered with a quick spike, reaching $3126. The coin is presently <a style="color: #0000ff;" href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow">trading at around $3080</a>.&nbsp;
While the crypto market plunged sharply, gold prices spiked within the same period; Pax Gold (PAXG), a gold-backed token, reached $2417.17 before dropping to a low of $2378.69. It is <a style="color: #0000ff;" href="https://coinmarketcap.com/currencies/pax-gold/" rel="noopener noreferrer nofollow">currently trading</a> at around $2391.&nbsp;
Analysts speculate that these price movements may be linked to Israel’s recent attack on Iran. Many pundits and analysts commented on the war’s impact on the crypto market. One such is renowned crypto trader and coach Zia Ul Haque, who <a style="color: #0000ff;" href="https://x.com/imziaulhaque/status/1781177962962034719?s=46" rel="noopener noreferrer nofollow">noted on X</a> that the crypto bulls are fighting hard to keep prices above the $60,000 level.&nbsp;
Haque warned of a possible drop to $55,000 if bitcoin fails to maintain its current level amidst geopolitical tensions. The trader noted that further war tension may result in a widespread panic selloff in the market.&nbsp;
READ MORE:&nbsp;
<ol>
 <li style="font-weight: 400;" aria-level="1"><a style="color: #0000ff;" href="https://defi-planet.com/2024/04/analysts-warn-of-prolonged-downturn-as-1-7-billion-worth-of-bitcoin-is-transferred-to-accumulation-addresses-following-price-drop/" rel="noopener noreferrer nofollow">Analysts Warn of Prolonged Downturn As $1.7 Billion Worth of Bitcoin Is Transferred to “Accumulation Addresses” Following Price Drop</a></li>
 <li style="font-weight: 400;" aria-level="1"><a href="https://defi-planet.com/2024/04/analysts-react-to-bitcoins-current-price-movement-assess-potential-rebound/" rel="noopener noreferrer nofollow">Analysts React to Bitcoin’s Current Price Movement, Assess Potential Rebound</a></li>
</ol>
Meanwhile, reports from <a style="color: #0000ff;" href="https://abcnews.go.com/International/live-updates/israel-gaza-hamas-war/?id=108860743" rel="noopener noreferrer nofollow">ABC News</a> and <a style="color: #0000ff;" href="https://edition.cnn.com/middleeast/live-news/israel-hamas-war-gaza-news-04-18-24/index.html" rel="noopener noreferrer nofollow">CNN </a>have confirmed that there were Israeli airstrikes on Iranian airfields and military bases in the early hours of Friday, April 19, 2024. The CNN report cited a retired United States Major General, who stated that the attack was both a cautionary message and a retaliatory warning to Iran. Notably, Israel’s attack comes only a few days after being hit by Iran air strikes.&nbsp;
Disclaimer: This piece is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence.
&nbsp;
If you want to read more news articles like this, visit <a href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a style="color: #0000ff;" href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, and <a style="color: #0000ff;" href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
The post <a href="https://defi-planet.com/2024/04/bitcoin-rebounds-to-62k-as-crypto-market-eases-analyst-speculates-effects-of-iran-israeli-conflict/" rel="noopener noreferrer nofollow">Bitcoin Rebounds to $62K as Crypto Market Eases, Analyst Speculates Effects of Iran-Israeli Conflict</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Bitcoin Rebounds to $62K as Crypto Market Eases, Analyst Speculates Effects of Iran-Israeli Conflict

DeFi Planet

Other articles published on Apr 19, 2024

Here’s how Ethereum boosts DeFi: +100 billion locked dollars!

Crypto Expert Predicts A Narrative Shift Post-Bitcoin Halving

Navigating the New Crypto Cycle: Top Altcoins to Watch in 2024

Can Slothana Experience a Bullish Rally Similar to SLERF’s at Launch?

Scientist Doge (SCDOGE) Poised for Immense Gains After Launch, Will it Match SHIB and DOGE?

HashKey To Cease Deposits and Withdrawals From Binance Wallet Address

Join our free newsletter for daily crypto updates!