Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Reaction to Economic Effect.
by
bullbandit9
on 03/07/2025, 15:02:17 UTC
Bitcoin got a shock, breaking below the price of $100k, due to the involvement of the United States in the ongoing Israel and Iran war. Since this war before the involvement of US, the price has not gotten to the highs of $109k, rather has been around the $107k - $108k, but this time has gone above reaching $109k plus.
The price decreasing from $108k to $100k is not a shock. It is normal market behavior.

I think Bitcoin is already immune to bad news that usually affects the economy.
"Immune" is not the word I would use, but yeah, people no longer panic as they used to with Bitcoin. If it was 5-6 years ago that a war broke out between Iran and Israel and the US got involved and forced Iran to retaliate on a US military base in the Middle East, Bitcoin would have plummeted, but this time it didn't do that, but to say it is immune is false. Bitcoin dipped when Trump tariff issues were at their peak, and the stock market turned red, so that means it's not immune.
You can consider it close to immune. There was a time where China banning Bitcoin every few days crashed the price. These days, even a risky war barely makes it move downwards a bit.