• Latest
Global Tensions Are Pushing Up Crypto Market Values But Larger Forces Are Also At Play

Global Tensions Are Pushing Up Crypto Market Values But Larger Forces Are Also At Play

January 8, 2020
6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

March 31, 2023
Judge denies SEC motion to keep Hinman docs secret in Ripple case

Judge denies SEC motion to keep Hinman docs secret in Ripple case

March 31, 2023
The ultimate guide to Miami – Cointelegraph Magazine

The ultimate guide to Miami – Cointelegraph Magazine

March 31, 2023
Dr. Jane Thomason – Cointelegraph Magazine

Dr. Jane Thomason – Cointelegraph Magazine

March 31, 2023
1658007797 celsius is bankrupt with 12b balance sheet hole su zhu.jpg

Celsius is bankrupt with $1.2B balance sheet hole, Su Zhu returns to Twitter and OpenSea purges 20% of employees: Hodler’s Digest, July 10-16

March 31, 2023
6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

March 31, 2023
Jed McCaleb empties XRP wallet after eight-year selloff

Jed McCaleb empties XRP wallet after eight-year selloff

March 31, 2023
Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

March 31, 2023
The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

March 31, 2023
SEC objects to XRP holders aiding Ripple defense

SEC objects to XRP holders aiding Ripple defense

March 31, 2023
Blockchain technology is transforming the real estate market – Cointelegraph Magazine

Blockchain technology is transforming the real estate market – Cointelegraph Magazine

March 31, 2023
1658612147 nfts banned in minecraft sec lists 9 tokens as securities.jpg

NFTs banned in Minecraft, SEC lists 9 tokens as securities and 3AC founder blames cockyness for company meltdown: Hodler’s Digest, July 17-23

March 31, 2023
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Trading

Global Tensions Are Pushing Up Crypto Market Values But Larger Forces Are Also At Play

coinnewsdaily by coinnewsdaily
January 8, 2020
in Trading
0
Global Tensions Are Pushing Up Crypto Market Values But Larger Forces Are Also At Play
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Monero enters ‘overbought’ danger zone after XMR price gains 75% in two weeks

Monero enters ‘overbought’ danger zone after XMR price gains 75% in two weeks

May 24, 2022
Here’s why Terra’s snowball effect could send Avalanche (AVAX) price to $15

Here’s why Terra’s snowball effect could send Avalanche (AVAX) price to $15

May 19, 2022

On January 3rd the United States military killed Iranian general Qasem Soleimani with a targeted drone strike, an act that rapidly escalated tensions between the two hostile nations. The cryptocurrency market responded quickly, with prices quickly moving up. Notably, Bitcoin jumped almost four percent, reaching USD $7,250 within a matter of hours. In the days following the attack, crypto values have continued to advance, with Bitcoin having now broken $8,000. Whereas tensions in the Middle East can reasonably be seen as the trigger for this positive price movement, there are many other factors at work that could play a much greater role in market activity moving forward.

It is well known that cryptocurrency’s popularity increases during times of economic uncertainty. Simply put, when people begin to lose trust in a nation’s currency, they start to move their assets into crypto. Iran has already been experiencing this phenomenon, as the nation has been suffering from high inflation for several years, as well as significant domestic unrest. It is thus not surprising that interest in crypto has increased as a result of the current situation.

Although the current global tensions are certainly good for the crypto market, closer analysis indicates that much larger factors are at play in the present recovery. Bitcoin’s value remained flat for most of December, yet indications of upward price action were clear long before Soleimani’s killing. For example, the hash rate has been increasing for several weeks, and search engine interest was beginning to trend upward. Likewise, a number of altcoins, such as Ethereum and Litecoin, had been slowing increasing in value since mid-December. The current price rebound is beginning to follow some predictable patterns. Bitcoin’s market dominance has slipped about one percent, and may fall further as altcoins advance. Also, social medial interest in blockchain has increased, and overall price movement is more volatile.

It is still too early to know if this rebound represents a more significant turnaround in the crypto market, but there are many reasons for investors to feel optimistic. Development news for several top platforms has been positive, and blockchain adoption across business and financial sectors is gaining traction. There is little doubt that by the end of this year distributed ledger platforms will be deployed in areas such as logistics and financial services. Thus, even without the increased tension in the Middle East prices would likely be advancing.

Hopefully the strife between the United States and Iran will soon reach a peaceful conclusion, yet regardless of the outcome, it is clear that cryptocurrency is playing a role in unfolding events. This is especially true in Iran, where the government is desperately trying to stop its citizens from moving their money into blockchain assets. The Rial is becoming weaker with each passing day, and It is clearly in the government’s best interest to seek a de-escalation of tensions with the United States so it can focus on slowing the inflation rate restoring faith in the economy. Whether or not a true bull market has emerged will soon become apparent. Until then, it is clear that cryptocurrency is a new dynamic in global affairs, yet there are many factors at play that impact crypto prices.

Tags: Crypto TradingGeneralIranMiddle EastTradingUnited StatesUnited States military
Share76Tweet47
Previous Post

Price Analysis Jan 8: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XMR, ADA

Next Post

Crypto Trading Privacy Gets a Boost as $15M of Tether Moves to Liquid Sidechain

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

Monero enters ‘overbought’ danger zone after XMR price gains 75% in two weeks
Alt Coin

Monero enters ‘overbought’ danger zone after XMR price gains 75% in two weeks

May 24, 2022
Here’s why Terra’s snowball effect could send Avalanche (AVAX) price to $15
Alt Coin

Here’s why Terra’s snowball effect could send Avalanche (AVAX) price to $15

May 19, 2022
Is Bitcoin price optimism fading after the crypto market’s rocky April?
Ethereum

Is Bitcoin price optimism fading after the crypto market’s rocky April?

May 5, 2022
The NFT sector is projected to move around $800 billion over next 2 years: Report
Ethereum

The NFT sector is projected to move around $800 billion over next 2 years: Report

April 28, 2022
price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot
Alt Coin

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
naga review unveiling the platformac280c299s copytrading value proposition 1[1]
Bitcoin

3 Facts Points Out BTC To Surge Extremely In A Week: How To Seize The Chance to Profit?

April 20, 2022
Load More
Next Post
Crypto Trading Privacy Gets a Boost as $15M of Tether Moves to Liquid Sidechain

Crypto Trading Privacy Gets a Boost as $15M of Tether Moves to Liquid Sidechain

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • 6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine
  • Judge denies SEC motion to keep Hinman docs secret in Ripple case
  • The ultimate guide to Miami – Cointelegraph Magazine
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$28,426.000.24%
  • ethereumEthereum(ETH)$1,818.08-0.31%
  • tetherTether(USDT)$1.000.05%
  • binancecoinBNB(BNB)$315.22-0.58%
  • rippleXRP(XRP)$0.51-4.13%
  • cardanoCardano(ADA)$0.395815-2.09%
  • dogecoinDogecoin(DOGE)$0.0815337.13%
  • matic-networkPolygon(MATIC)$1.110.09%
  • solanaSolana(SOL)$20.980.63%
  • polkadotPolkadot(DOT)$6.28-0.63%
  • litecoinLitecoin(LTC)$92.613.64%
  • shiba-inuShiba Inu(SHIB)$0.0000115.75%
  • tronTRON(TRX)$0.0663560.61%
  • daiDai(DAI)$1.000.09%
  • chainlinkChainlink(LINK)$7.50-1.38%
  • cosmosCosmos Hub(ATOM)$11.280.95%
  • leo-tokenLEO Token(LEO)$3.39-2.05%
  • ethereum-classicEthereum Classic(ETC)$21.142.52%
  • stellarStellar(XLM)$0.1100630.08%
  • moneroMonero(XMR)$155.54-1.21%
  • okbOKB(OKB)$41.66-0.38%
  • bitcoin-cashBitcoin Cash(BCH)$125.751.62%
  • filecoinFilecoin(FIL)$5.782.31%
  • crypto-com-chainCronos(CRO)$0.0688920.00%
  • vechainVeChain(VET)$0.023324-0.47%
  • algorandAlgorand(ALGO)$0.223086-0.30%
  • internet-computerInternet Computer(ICP)$5.220.50%
  • eosEOS(EOS)$1.19-1.15%
  • theta-tokenTheta Network(THETA)$1.074.11%
  • elrond-erd-2MultiversX(EGLD)$42.41-0.28%
  • aaveAave(AAVE)$74.271.07%
  • tezosTezos(XTZ)$1.130.62%
  • neoNEO(NEO)$12.36-1.13%
  • havvenSynthetix Network(SNX)$2.562.51%
  • paxos-standardPax Dollar(USDP)$1.000.10%
  • bitcoin-cash-svBitcoin SV(BSV)$36.030.27%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.741.06%
  • dashDash(DASH)$58.950.77%
  • makerMaker(MKR)$691.940.84%
  • iotaIOTA(MIOTA)$0.2222253.99%
  • huobi-tokenHuobi(HT)$3.650.10%
  • zilliqaZilliqa(ZIL)$0.0309057.00%
  • basic-attention-tokenBasic Attention(BAT)$0.2738243.05%
  • zcashZcash(ZEC)$37.70-3.32%
  • nemNEM(XEM)$0.0404692.16%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • qtumQtum(QTUM)$3.131.14%
  • kusamaKusama(KSM)$33.88-2.95%
  • compound-governance-tokenCompound(COMP)$43.431.32%
  • yearn-financeyearn.finance(YFI)$8,762.340.65%
  • bitcoin-goldBitcoin Gold(BTG)$16.040.77%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.2447351.81%
  • omisegoOMG Network(OMG)$1.56-1.39%
  • wavesWaves(WAVES)$2.131.80%
  • ontologyOntology(ONT)$0.2391652.44%
  • sushiSushi(SUSHI)$1.09-0.75%
  • digibyteDigiByte(DGB)$0.0097371.19%
  • umaUMA(UMA)$2.100.86%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%