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Bloomberg: The impact of the US-Iran conflict on Bitcoin is limited, currently consolidating between $60,000 and $70,000
BlockBeats News, March 3 — According to Bloomberg, Bitcoin has long been promoted as providing something that other markets cannot: a 24-hour real-time indicator of global risk appetite. However, after news of the US strikes on Iran, Bitcoin initially fell, then fluctuated, and ultimately rose. By Monday, its trading price was above pre-attack levels, with hardly any signs of sustained panic or safe-haven behavior.
This trend reflects deeper issues. After falling about 50% from its all-time high, Bitcoin has been consolidating within a narrow range of $60,000 to $70,000. Since the crypto market crash last October, most leverage has been forced out. Retail participation has decreased, and capital inflows have weakened. Against the backdrop of lighter overall positions, the subsequent impact of new shocks has also been smaller. #深度创作营