Bitcoin, Ethereum, Dogecoin Decline Amid Israel-Hamas Conflict: Analyst Predicts King Crypto To Reach $30K As 'Worldwide Uncertainty Grows'
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline amid the Israel-Hamas conflict. The geopolitical risk introduced by the conflict, along with inflation and surging interest rates, has affected the delicate market. The U.S. economy adding 336,000 jobs in September also contributed to the decline of Bitcoin. Analysts predict volatility in the market, with Bitcoin potentially surging to $30K as worldwide uncertainty grows. Stock futures also declined due to the conflict, with futures linked to the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 all experiencing decreases.
October 09, 2023 | 2:25 am
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Dogecoin experienced a decline amid the Israel-Hamas conflict. The geopolitical risk introduced by the conflict, along with inflation and surging interest rates, has affected the delicate market.
The geopolitical risk introduced by the Israel-Hamas conflict, along with inflation and surging interest rates, has affected the delicate market, leading to a decline in Dogecoin.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ethereum experienced a decline amid the Israel-Hamas conflict. The geopolitical risk introduced by the conflict, along with inflation and surging interest rates, has affected the delicate market.
The geopolitical risk introduced by the Israel-Hamas conflict, along with inflation and surging interest rates, has affected the delicate market, leading to a decline in Ethereum.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Bitcoin experienced a decline amid the Israel-Hamas conflict and the announcement of the U.S. economy adding 336,000 jobs in September. Analysts predict volatility in the market, with Bitcoin potentially surging to $30K as worldwide uncertainty grows.
The geopolitical risk introduced by the Israel-Hamas conflict, along with inflation and surging interest rates, has affected the delicate market. The U.S. economy adding 336,000 jobs in September also contributed to the decline of Bitcoin. However, analysts predict that Bitcoin could potentially surge to $30K as worldwide uncertainty grows.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100