Situation in the Middle East downs Bitcoin price

0

Last Updated on 13 June 2025 by CryptoTips.eu

The situation in the Middle East are prompting investors to increase safety (and thus take profits) in their portfolio. Bitcoin is still struggling to break the $110,000 ceiling and is trading below it again. Is this just a brief pause until we set a new ATH or is there more to it?

Advertentie.

Investors

The attacks of Israel and Iran has irked many investors. They are reducing their positions in risky investments (which includes Bitcoin long positions) and are again opting for more defensive stocks and bonds.

The oil price quickly rose by 4%. Bitcoin is now trading for $104k.

Partly because of this, and the fact that there are still quite a few sellers around the $110,000 level, the largest digital currency is having a hard time rising further. The good news is that Bitcoin is not immediately falling below $100,000, which means that fresh investment capital around the current price level is easy to find.

It is expected that the geopolitical turmoil between Iran and the United States must subside before a new ATH can be reached and the stock markets can also climb strongly again.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
View all posts