Today, Bitcoin price increased from @3690 to $3950, recording a staggering 7.11% increase over the past 24 hrs. the overnight surge in the price of bitcoin is to intensify the confict between US and North Korea.
Earlier, Ri yong-ho (Korean foreign minister) held an abrupt press conference in New York, accusing the US President Donald Trump of declaring war against North Korea.
“In light of the declaration of war by Trump, all options will be on the operations table of the supreme leadership of the DPRK [North Korea].”
The North Korean government’s threats against the US and the completion of a collaborative military drill between the US and Japan in which B-1B bombers from Guam and F-15 fighter escorts from Okinawa, Japan flew over the waters of North Korea, led global stocks to plunge. More to that, reserve currencies such as the US dollar and Japanese yen declined in value.
As a result, major stock market indexes including the Dow Jones Industrial Average declined in value for three days in a row and analysts explained that stocks and assets could fall further in value if global markets volatility and economic uncertainty continue.
For the past three weeks, bitcoin has shown resilience towards the Chinese government’s nationwide ban on local bitcoin exchanges. Still, the global bitcoin market has struggling to recover beyond its previous all-time high of $5,050, considering that the international bitcoin exchange market is still restructuring.
In the past 24 hours, the bitcoin price increased by $260, after struggling to surge past the $4,000 mark over the past five days. It is likely that investors and traders in the US, Japan, and South Korea, three of the largest bitcoin exchange markets in the world in terms of daily trading volumes, are turning toward bitcoin to avoid the devaluation of assets, stock market indexes, and currencies.
If the conflict between the US and North Korea continue, and Japan and the South Korean government also pursue active military drills, global markets will likely decrease further in value while the bitcoin price surges to new highs.
So what do you think guys if it the best time to invest in the cryptocurrency market…
According to me if this all continues to happen then the prices for the bitcoin may increase further to new hights maybe it evan can cross the line for more than $4000.
So, thank you guys and please follow me @dhanesh and upvote and resteem my post…