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⛓️ Crypto🟢 BullishImportance 7/10
Bitcoin sold off first when the U.S.-Iran war began. Two weeks later, it's outperforming nearly everything
🤖AI Summary
Bitcoin initially sold off when the U.S.-Iran conflict began but has since outperformed most other assets after two weeks. The cryptocurrency is showing increased resilience with smaller drawdowns despite escalating geopolitical tensions.
Key Takeaways
- →Bitcoin's initial reaction to the U.S.-Iran conflict was negative, following traditional risk-off behavior.
- →After two weeks, Bitcoin has outperformed nearly all other asset classes during the ongoing conflict.
- →Each escalation in the Iran conflict has been progressively larger in scale.
- →Bitcoin's drawdowns have been getting smaller with each successive escalation, showing improved resilience.
- →The cryptocurrency is demonstrating potential safe-haven characteristics during geopolitical uncertainty.
Read Original →via CoinDesk
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