Bitcoin (BTC) continues its bullish impulse in the geopolitical context intersected by the war conflict between Israel and Iran, and is only $5,000 to mark the new historic maximum (ATH).
A few days ago, June 22nd, Bitcoin fell below $100,000 after the bombing The US concerning the nuclear centre of Iran. However, the market responded quickly, and prices recovered almost immediately.
He added that hours after the attack, US President Donald Trump told him through his social networks that the fire remembers in a conflict known as the “12-Day War.”
At the time of publication of this memo, the currency created by Nakamoto Atoshi quotes more than $107,000 and seeks an impulse that exceeds $112,000. Nonetheless, I was able to find a territory of strong resistance of around $110,000. There, previous attempts had already shown difficulty.
It should be noted that the price of BTC is solid throughout the 12-day war Thanks to the good performance shown by funds cited in the stock market (ETF) During all of that period.
These financial products were the 11th consecutive business day with tickets for money over $1,000 million. Since its departure to the market in January 2024, Bitcoin ETF has won over $470 million.
As Cryptootics reports, good performance of ETFs directly affects the price of BTC. By operation, the managing company is obliged to maintain BTC and support its actions at the Ministry of Finance. So, if there is demand for these products, companies will have to go to the market to buy more BTC, which will increase the price.
