How Will Iran's Attack on Israel Impact Bitcoin Prices? Here's the Explanation

  

On October 1, Iran launched an attack on Israel with 180 missiles. The attack caused the majority of crypto token prices to fall. So, what about the price of Bitcoin? Here's the explanation.

Recently, the world has heated up again due to Iran's attack on Israel. This conflict causes various investment instruments to experience price changes. Specifically, gold increased along with rising oil prices due to the conflict in the Middle East. So, what impact will Iran's attack on Israel have on Bitcoin price?

You can see the development of Bitcoin prices after Iran attacks Israel and what the condition of the token price is now in this article. Read the detailed explanation until the end of the article.

Impact of Iran's Attack on Israel on Bitcoin Prices

October has just begun and the world already seems chaotic. This was due to 180 Iranian ballistic and hypersonic missile attacks on Israel on Tuesday, October 1. Just after this attack, the crypto ecosystem immediately reacted. Almost all crypto tokens are colored “red” in response to tensions between the two countries.

This price decline was also experienced by BTC. Bitcoin prices fell quite drastically with a percentage decline in the range of 2-3%. In fact, on September 30 Bitcoin touched $65,000 after experiencing a long decline.

It is reported that BTC will also experience an increase in October after feeling it in September. However, due to the Iran-Israel conflict, these hopes were dashed.

Bitcoin and Its Response to World Conflict

Bitcoin does have an unfavorable trend in its response to world conflicts. Bitcoin tends to experience a decline when conflicts between countries arise.

As during the conflict between Russia and Ukraine in 2022, Bitcoin even experienced a decline of up to 7.9% and the price plunged below $35,000. Bitcoin even had a negative impact during the geopolitical conflict between the United States and China in 2018 and 2020.

However, Bitcoin once gave a positive response, namely when North Korea conducted a nuclear test in 2017. At that time, the price of Bitcoin soared with a continuous upward trend.

Current Bitcoin Price Chart

At the moment, harga BTC to USDT indeed experienced an increase of 1.16%. Although the price is still below $63,000, the increase is quite encouraging. The BTC token RSI indicator shows a number above 50, which means that currently, the buying trend is slightly dominating over the selling trend.

The positive Bitcoin RSI number is also reflected in the MACD line. It can be seen that the BTC MACD indicator is trying to rise above its limit line. This means that if the line continues to hold and is sustainable in its increase, a BTC bullish trend will occur and the price of Bitcoin will experience a sustainable increase.

Conclusion

The explanation of the impact of Iran's attack on Israel on Bitcoin prices has reached its end. Even though it is enough to make the majority of investors worry and temporarily switch to traditional investment instruments, Bitcoin's price is showing its strength again.

It is best to watch out for the high volatility of crypto tokens both positively and negatively. This is why we must conduct in-depth research when investing in the crypto ecosystem.

If you are currently doing independent research on Bitcoin to find out what its current condition is, Bitrue can help you. Bitrue has various features that you can use for independent research, starting from checking prices in real-time, finding out price conversions from BTC to USD, to articles that you can check to find out about current developments in crypto trends.

That way, you will understand about how to buy Bitcoin overall. Also, adjust your financial capabilities in determining how you invest in BTC and other crypto tokens.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This Press Release has also been published on VRITIMES

DepEd, DOH launch Bakuna Eskwela to revive School-Based Immunization against preventable diseases

Wazzup Pilipinas!?



The Department of Education (DepEd) and the Department of Health (DOH) launched the revival of the School-Based Immunization (SBI) program, dubbed as Bakuna Eskwela, to protect students from life-threatening vaccine-preventable diseases (VPDs).

Education Secretary Sonny Angara and Health Secretary Ted Herbosa led the kickoff event of Bakuna Eskwela on Monday at the Dr. A Albert Elementary School in Manila.

The Bakuna Eskwela campaign will be rolled out in selected public schools across various provinces this October to November 2024, after a four-year suspension due to the COVID-19 pandemic.

Focusing on measles, rubella, tetanus, diphtheria, and human papillomavirus (HPV) vaccinations, the effort marks a significant shift as the program moves back from community-based immunizations to its original school-based setup, following the resumption of in-person classes.

Education Secretary Sonny Angara thanked President Ferdinand R. Marcos Jr. for his support to the school-based vaccination program.

“Thank you to the President [Ferdinand R. Marcos Jr.] for his support for this program at nabanggit nga ni Sec. Ted Herbosa ‘yong HPV virus, mga magulang, ang ginagastos diyan Php4,000 at nagdesisyon para maging libre ‘yan sa pangungumbinse ni Sec. Ted Herbosa kay no less than our President," Sec. Angara said.

With a total budget allocation of PhP 853 million, Bakuna Eskwela aims to immunize at least 3.8 million public school students enrolled in Grades 1 and 7 with MR and Td vaccines, and another 973,930 female Grade 4 students in selected public schools for the HPV vaccine that protects against cervical cancer.

"Sa bakuna, we can ensure our learners stay in school and don’t miss valuable learning opportunities. As EDCOM’s studies show, some schools lost as much as 53 days of instruction in a single school year due to various health-related issues,” Sec. Angara noted.

"Education is a shared responsibility. Lahat tayo ay may responsibilidad sa ating mga kabataan, the National Government, the Local Government Units, schools, must come together to realize this initiative’s potentials. We must protect our children today to ensure our country’s healthy and bright future. Sa Bagong Pilipinas, walang maiiwan na bata, malusog, magaling, matalino,” Sec. Angara added.

The School-Based Immunization program, which began in 2015, had been successful in reducing outbreaks of VPDs among schoolchildren. However, the onset of the COVID-19 pandemic forced a temporary suspension and led to a worrying decline in vaccination rates.



"Our goal is to create a safe environment and ensure health and well-being of every Filipino child. Ngayong Oktubre at Nobyembre, we will unite and campaign together with the Department of Education to save our children from these Vaccine Preventable Diseases,” Sec. Herbosa said.

Unleashing the Unconventional: A Rebel Party Affair

Wazzup Pilipinas!?

Ready to let the good times roll? Prepare your best outfits, pump up your energies, and dare to be different as the UP Economics Society proudly presents its culminating event for its 66th anniversary celebration—REBEL.

Join us on October 12, 2024 at Shutterspace Studios, Katipunan Avenue, for a night filled with vibrant energy, good music, and free-flowing drinks! Catch Joao Solis (@jolis_soao) and Belle Lorilla (@isabellelorilla) as they take the stage and make this party unforgettable with their electrifying beats.

Walk-ins are welcome for just Php 500. However, secure your early-bird slot and barkada bundle now to get EXCLUSIVE discounts! Slots are limited and available only until October 11, 2024.

Buy your tickets at https://tinyurl.com/RebelRSVP

For more updates and information about REBEL and UP Ecosoc Month, follow us on our social media accounts:

Facebook: https://www.facebook.com/UPEcosocMonth

Twitter/Instagram: @UPEcosocMonth

See you there, and don’t miss out on the fun!