Bitcoin (BTC) $109,290.39 price It fell close to 2 percent in the last 24 hours and that in subcoins It was more equivalent. After exceeding 110 thousand dollars, BTC losses took place in the midst of increasing tension in the Middle East. As the problems related to tariffs began to disappear, the crypto again hit the geopolitical tension. So what are the expectations?
Crypto money drop
Today, the US announced that it is preparing to partially evacuate the Iraqi Embassy due to security risks in the early hours. Then the oil price increased by 5 %and we saw more warnings from countries like the UK for the Gulf region. Although the markets lived due to increasing tension in the region, we did not see clear and detailed explanations about the evacuation decision.
The United Kingdom Maritime Trade Operations (UKMTO) warned the ships to be careful when passing through the Gulf, Oman Gulf and Hormuz Strait due to increasing tension. In the same minutes, the Iranian army was shared to the high alarm level.
Although the justification of the US to leave Iraq, Bahrain and Kuwait, the US personnel and their families who do not have vital importance, is not known, but the risk of conflict with Iran is on the agenda. But even in the nervous days, we have seen times when Iran had reduced a dose with a few drones and unsuccessful missile shots. Iran was even taken to the procession because the US was waiting for the market closing on Friday for the attack.
Crypto coins can rise
If there is nothing different behind the evacuation, and the only problem is the possibility of intelligence about Iran’s attack, we can see recovery in the markets. We have seen many times that Iran was waiting for the market closing for the attack, and they have reached an important stage with the US in negotiating negotiations for nuclear.
It is possible to make explanations that the US, which wants to reduce the effect of tension in the markets, reduces the number of personnel in the region within the scope of expenditure restrictions. However, the warning of the United Kingdom shows that the situation may be different this time.
Bitcoin (BTC) The region is important to protect for $ 107,800 and the price is over this area for now. However, if the key level is lost, another sharp decrease may come to $ 102,500. Moreover, the Altcoins, who have not yet received their share of the rise, can also test the bottom of last year’s bottoms in this scenario. Since ETH is still at $ 2,772, the decrease in subcoins has not yet started.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
