🔥Bitcoin price rises to $71,000 while Trump cools down the conflict in the middle east 👀
On Monday, the price of #bitcoin rose by 4% and surpassed the mark of $71,800, this after U.S. President Donald #TRUMP announced that his administration is maintaining 'good and productive conversations' with #iran to end the
conflict in the middle east.
Through a post on Truth Social, Trump indicated that, as a result of those conversations, he had postponed military strikes on Iranian infrastructure for a period of five days. However, Tehran denied that these conversations took place.
Traditional #markets have been shaken by the outbreak of this conflict in the Middle East. Oil prices have skyrocketed as a result of the blockade of the Strait of Hormuz. On the other hand, Bitcoin has not been as affected by this conflict,
but if the conflict persists, some analysts agree that the price of Bitcoin could start to be affected.
Do you think Bitcoin has bottomed out or will it reach $60,000?
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