Bitcoin Breaks Above $72,000 Amid Geopolitical Tensions… “Best Performance Since the War”
Summary
- Bitcoin (BTC) was reported to have broken above $72,000 intraday and gained 3.20%.
- The market was said to view Bitcoin as having delivered more stable performance than other assets since the outbreak of the Middle East conflict.
- Joe Consorti was reported to have said Bitcoin rose about 7.3% after the Iran-U.S. clash, outperforming the S&P 500, Nasdaq, gold and silver.
Forecast Trend Report by Period
Bitcoin (BTC) briefly rose above $72,000 during intraday trading. Attention is focused on whether Bitcoin can prove its status as a safe-haven asset.
As of 7 p.m. KST on the 13th, Bitcoin was trading at $72,240, up 3.20% from the previous day.
Market participants say the rally reflects an assessment that Bitcoin has delivered relatively stable performance versus other assets even after the outbreak of conflict in the Middle East.
Glassnode said in a recent report that “Bitcoin has shown stronger-than-expected resilience following the recent geopolitical shock.”
Joe Consorti, head of Horizon, wrote on X (formerly Twitter) that “among major assets, Bitcoin posted the highest return following last month’s clash between Iran and the United States,” adding that “Bitcoin gained about 7.3% over the period, outperforming the S&P 500 and Nasdaq (-1 to -2%), gold (-3.7%) and silver (-10%).”
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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