Price: $0.39490 4.7588%
Market Cap: 58.01B 1.7674%
Volume (24h): 8.69B 0.4%
Dominance: 1.7674%
Price: $0.39490 4.7588%
Market Cap: 58.01B 1.7674%
Volume (24h): 8.69B 0.4%
Dominance: 1.7674% 1.7674%
  • Price: $0.39490 4.7588%
  • Market Cap: 58.01B 1.7674%
  • Volume (24h): 8.69B 0.4%
  • Dominance: 1.7674% 1.7674%
  • Price: $0.39490 4.7588%
Home > Information news > What’s the Demand for Bitcoin After Iran’s Israeli Tensions? Analysis Company Shares What They Expect

What’s the Demand for Bitcoin After Iran’s Israeli Tensions? Analysis Company Shares What They Expect

Release: 2024/10/04 06:01 Reading: 231

Original author:Bitcoin Sistemi EN

Original source:https://coinmarketcap.com/community/articles/66ff0cb5e7789c03df42b9a6

What’s the Demand for Bitcoin After Iran’s Israeli Tensions? Analysis Company Shares What They Expect

Impact of Middle East Tensions on Bitcoin Demand

Recent market analysis indicates a notable decline in Bitcoin (BTC) demand amidst escalating tensions in the Middle East.

Data Analysis

CryptoQuant data reveals a significant drop in Bitcoin's Net Buyer Volume, an indicator of buying and selling dominance, since Iran launched retaliatory ballistic missiles against Israel. According to CryptoQuant analyst JA Maartuun, "Buying pressure has remained low, with a net buyer volume below $100 million, suggesting a lack of strong buying momentum."

Historical Trends

This market movement coincides with historical trends during periods of geopolitical uncertainty, where safe-haven assets like gold typically experience increased demand. However, analysts note that Bitcoin's performance in this situation has not paralleled that of gold.

Gold vs. Bitcoin

Despite its designation as "digital gold," Bitcoin has not mirrored gold's bullish trajectory. Maartuun observes that "Bitcoin has a negative correlation with gold in the current market conditions, despite the decline in U.S. Treasury yields and the expansion of M2 Money Supply."

Please note that this information does not constitute investment advice.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.