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Bitcoin Price Jumps to $67K After Reports That Iran’s Supreme Leader Was Killed

BTCUSD Feb 28. Source: TradingView

The intense volatility within the cryptocurrency markets continues as bitcoin simply shot up to $67,000 after plunging to $63,000 this morning.

The almost definitely motive for all of the Saturday fluctuations is the rapidly escalating state of affairs within the Middle East, and the newest reviews hinting at a regime change in Iran.

It all began this morning when Israel and the USA carried out a number of assaults towards Iran. The Middle East nation retaliated towards a number of nations within the area, together with the UAE, Bahrain, Qatar, and Saudi Arabia.

In the next hours, extra reviews started to unravel, and the newest massive improvement on the matter indicated that Iran’s supreme chief had been killed. So far, although, the data is coming solely from Israeli sources and there’s no official affirmation.

US President Donald Trump additionally addressed the state of affairs not too long ago, warning that he may finish all of it in a matter of days and warned of additional navy actions if Iran doesn’t cut back on its nuclear improvement.

Since the cryptocurrency market is the one monetary business working throughout the weekend, it endured important volatility because the occasions unfolded. After the preliminary strikes, bitcoin plunged from $66,000 to $63,000 inside minutes, and the altcoins adopted go well with.

However, it rebounded within the following hours and even jumped to $67,000 minutes in the past after the reviews about Khamenei’s dying.

BTCUSD Feb 28. Source: TradingView
BTCUSD Feb 28. Source: TradingView

The publish Bitcoin Price Jumps to $67K After Reports That Iran’s Supreme Leader Was Killed appeared first on CryptoPotato.

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