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BTC Rebounds to $102,400 Following Iranian Missile Strikes on U.S. Bases
Bitcoin Response to Middle East Developments
- Bitcoin traded down to $99,500 but has since rebounded 2.9% to $102,400.
- The asset is up 2.5% over the last 24 hours.
- The CoinDesk 20 index rose by 2.1% in the same period.
- Price drop coincided with Iran's missile strikes on U.S. bases following a military escalation.
- No casualties reported from the attack on Qatar.
- Gold showed minimal increase while crude oil prices fell 4%.
- Investor behavior suggests opportunistic buying amid market volatility.
- Notable outflows observed on exchanges indicate risk-off sentiment among some investors.