Bitcoin Price Falls Under $63,000 on U.S.-Iran Strikes and Trump’s China Charge, but Onchain Data Points to Buyers
Bitcoin Magazine Bitcoin Price Falls Under $63,000 on U.S.-Iran Strikes and Trump’s China Charge, but Onchain Data Points to Buyers Bitcoin price fell below $63,000 as U.S. strikes on Iran and renewed U.S.-China tensions sparked a broader risk-off sell-off, though analysts say resilient onchain dat
Source: Bitcoin Magazine
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DW NOTE
Bitcoin fell to $62,800 after U.S. strikes on Iran — which followed the near-collapse of a ceasefire that was never enforced after Iran blockaded the Strait of Hormuz in February. The article says onchain data shows buyers stepping in. That makes sense: gold is down 24.8% from its January high despite war spreading across three theatres, which means risk-off isn't working and holders are rotating back into scarce assets that governments can't print.