Bitcoin, bounced back above $62,000 as the market recovered after reports of limited damage to Iranian military targets from an Israeli strike.
1 Day Price Graph of BTC on Coinmarketcap
On Friday morning, Israel had launched a retaliatory strike against Iran, reported by ABC news. Different airfields and military bases in Iran have been hit by Israeli missiles, CNN quoting local media. According to report by Al Jazeera Iranian officials are downplaying the attack's significance and insisting that it was only a small drone strike.
The market looks like to be overlooking the attack and is now focused on the coming halving.
The crypto market experienced a big sell off overnight Saturday amid an unprecedented Iranian drone and missile attack on Israel. The prices of Bitcoin and other cryptocurrecies tumbled.
But now, it looks like the market is now focusing back on upcoming Bitcoin halving which is expected to happen in a few hours from now.
The price of Hive also saw a plummet but it has also shown some recovery. Till then, being a Hive user, my focus should be more on collecting as much Hive as I can through sharing and curating content on the platform and add to my portfolio.
HBD also saw some price dip which is not something many Hive users would like to see as HBD is supposed to be stable pegged to USD. But anyway it's crypto, and you can expect anything here.
It's not a financial advice.
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