RATE Group | Bitcoin Selling for $24,000 per BTC in Iran as US Tensions Escalate
74430
post-template-default,single,single-post,postid-74430,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin Selling for $24,000 per BTC in Iran as US Tensions Escalate

03 Jan Bitcoin Selling for $24,000 per BTC in Iran as US Tensions Escalate

Posted at 18:44h in Bitcoin News by

[ad_1]

Iran-based sellers on peer-to-peer trading platform LocalBitcoins are currently asking for around 1 billion Iranian rials or over $24,000 per Bitcoin (BTC) — well over its 2017 all-time high — as tensions reach a boiling point between Washington and Tehran.

LocalBitcoins lowest offers per BTC. Source: LocalBitcoins

LocalBitcoins lowest offers per BTC. Source: LocalBitcoins

Bitcoin price soars in Iranian rials

The staggering premium in Iran relative to current global market price — around $7,350 — comes in the wake of an airstrike at Baghdad’s airport ordered by United States President Donald Trump that killed the head of the Iranian Revolutionary Guards’ elite Quds Force, General Qasem Soleimani.

As Cointelegraph reported earlier today, this has led to a surge in global oil prices as well as Bitcoin rebounding from yesterday’s lows of around $6,850.

Founder of crypto analytics outlet Messari Ryan Selkis explains that the premium may be due to Iranians looking to exit Iran’s depreciating national currency, particularly amid the…

[ad_2]

Source link

Tags:
, , , , , ,