Crypto Daily – The Bitcoin price is continually being buffeted, as tensions in the Middle East rise once again. With the Israeli response still to come, after Tuesday’s Iranian missile barrage into Israel’s territory, there could be more rough seas to come for Bitcoin.
Uncertainties beset Bitcoin
Since an upping of the ante in the Middle Eastern conflict, and the Israeli incursion into Lebanon, the Bitcoin price suffered a nearly 10% reversal. With possible further escalations to come, it is to be wondered just how much worse things can get for the alpha cryptocurrency.
It’s not just the geopolitical situation that is affecting markets. There is the ongoing uncertainty over the US economy, and how this might be influenced by the presidential election. On top of this, the strike by US longshoremen is set to cripple the country’s eastern ports, potentially leading to a cost of as much as $5 billion a day.
It might be argued that Bitcoin was created…
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