RATE Group | Bitcoin Roller-Coasters As The U.S. And Iran Send Mixed Messages [Updated]
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Bitcoin Roller-Coasters As The U.S. And Iran Send Mixed Messages [Updated]

09 Jan Bitcoin Roller-Coasters As The U.S. And Iran Send Mixed Messages [Updated]

Posted at 04:18h in Bitcoin News by

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Bitcoin, perhaps finally finding its place as a so-called safe haven asset, has moved sharply higher after Iran retaliated for the U.S. killing of Iranian general Qassem Soleimani.

The bitcoin price, now up 15% so far this year, has added 5% to its value in the last 12-hour trading period. The jump in the bitcoin price came shortly after news of Iran’s missile attack on U.S.-led forces in Iraq early on Wednesday.

[Updated 7:10pm EST 01/09/2020] The bitcoin price has fallen back following U.S. president Donald Trump’s comments downplaying the situation in Iran and suggesting “Iran appears to be standing down.” Meanwhile, rockets have apparently been fired at the U.S. embassy and military facilities in Baghdad. The bitcoin price dropped to just under $8,000 per bitcoin following Trump’s White House speech.

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