Crypto Community Eyes US–Iran Crisis As Tensions Flare
Cointelegraph
Published Jan 14, 2020 04:30PM ET
Updated Jan 14, 2020 06:01PM ET
Crypto Community Eyes US–Iran Crisis As Tensions Flare
For one week, the Iran–United States military crisis gripped the crypto community. It began on Jan. 3 with a U.S. drone strike on a convoy traveling near Baghdad International Airport, killing Iranian major general Qasem Soleimani of the Islamic Revolutionary Guard Corps. The price of Bitcoin (BTC) soared.
As reported by Cointelegraph at the time, there is strong evidence to suggest that BTC’s price surge from $7,000 to nearly $8,500 is strongly linked to the tensions between the two nations. For example, the push toward $8,500 took place at the same time as mainstream media began to report on a retaliatory attack by Iran on the American forces based in Iraq.
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Written By: Cointelegraph
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