Bitcoin May Face Challenges as Gold Surges Amid Escalating Israel-Iran Geopolitical Tensions 💥
Geopolitical tensions between Israel and Iran have significantly impacted the financial markets, particularly affecting cryptocurrencies. In recent developments, a substantial $1 billion liquidation in crypto markets has been observed, leading to Bitcoin's value dropping by nearly 3%. Concurrently, gold, a traditional safe-haven asset, is witnessing a surge toward new highs.
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