Bitcoin (BTC) Price Touches $8,400 After Iran Missile Attack

News
Wed, 01/08/2020 - 07:20
Alex Dovbnya
The Bitcoin (BTC) price reached its highest level since November after Iran attacked two US airbases to avenge the killing of Qasem Soleimani
Cover image via 123rf.com

The Bitcoin price briefly surged to the $8,400 level at about 0:55 UTC following the escalation of the US-Iran conflict, CoinStats data shows.  

image by coinstats.app 

On Jan. 8, Iran fired more than a dozen ballistic missiles at Iraqi military bases and the US house troops that as an act of "revenge" for the assassination of Iran's military leader Qasem Soleimani that had been ordered by US President Donald Trump on Jan. 3.    

Trump took to Twitter to console US citizens with the "All is well!"  tweet while announcing his official statement. The Pentagon confirmed that there were no casualties but the attacked bases are still being searched.    

As Ikigai Asset Management CIO Travis Kling points outthe prices of gold and oil grew in tandem with BTC, which highlights the demand for safe-haven assets.

image by @Travis_Kling

Meanwhile, according to CNBC, US stock futures took a nosedive following the attack with the S&P 500 dropping by at least 1.3 percent.   

 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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