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⛓️ CryptoπŸ”΄ BearishImportance 7/10Actionable

Tokenised gold continues rally while Bitcoin slides on US attack against Iran

DL News|Mathew Di Salvo||1 views
πŸ€–AI Summary

Bitcoin's price declined following news of US military action against Iran, while tokenized gold products like Tether's XAUT experienced significant price increases. This market movement reflects traditional safe-haven asset behavior during geopolitical tensions.

Key Takeaways
  • β†’Bitcoin price dropped in response to news of US bombing Iran
  • β†’Tokenized gold products like Tether's XAUT surged during the same period
  • β†’Geopolitical tensions are driving flight to traditional safe-haven assets
  • β†’The market reaction shows gold maintaining its safe-haven status even in tokenized form
  • β†’Bitcoin failed to act as a safe-haven asset during this geopolitical crisis
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