What’s next for Bitcoin price amid Iran war and oil prices surge
Bitcoin’s price dipped hard on Thursday as war in the Middle East escalated, sparking fears of an energy crisis, before rebounding.
Iran hit Qatar’s main gas plant, Ras Laffan, causing billions of dollars in damage. The strike came after the Federal Reserve on Wednesday dampened investor hopes of interest rate cuts later this year.
“We’re seeing a double-whammy for risk ****** ets,” David Lawant, Anchorage Digital’s head of research, told DL News. “Crypto isn’t immune to these macro headwinds.”
Bitcoin dropped to under $69,
Bitcoin’s price dipped hard on Thursday as war in the Middle East escalated, sparking fears of an energy crisis, before rebounding.
Iran hit Qatar’s main gas plant, Ras Laffan, causing billions of dollars in damage. The strike came after the Federal Reserve on Wednesday dampened investor hopes of interest rate cuts later this year.
“We’re seeing a double-whammy for risk ****** ets,” David Lawant, Anchorage Digital’s head of research, told DL News. “Crypto isn’t immune to these macro headwinds.”
Bitcoin dropped to under $69,
1 month ago
