Bitcoin

BlackRock

After Bitcoin and cryptocurrencies suffered a major decline following the recent Iran-Israel crisis, cryptocurrency analytics firm Santiment has shared an assessment of how these assets have performed in similar crises before.
<h2 id="according-to-santiment-bitcoin-initially-dropped-in-such-events-but-then-bounced">According to Santiment, Bitcoin Initially Dropped in Such Events, But Then Bounced</h2>
According to Santiment analysts, in previous major real-world conflicts, cryptocurrency prices initially fell but were followed by significant rebounds.
The company cited two recent conflicts as examples.
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Bitcoin lost approximately 5% of its value in the first four days after the conflict between Israel and Palestine began on October 7, 2023. However, it gained 12% in the following 9 days.
In the previous Ukraine-Russia conflict that started on February 23, 2022, the BTC price lost 10% of its value on the first day. However, it then gained 27% in 6 days.
BlackRock also said in a recent report that Bitcoin prices recover in an average of 60 days after geopolitical crises.
*This is not investment advice.
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How Bitcoin Price Might Move After Iran-Israel Tensions Analytics Company Shares Historical Data

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