Bitcoin, Ethereum, Dogecoin Trade Mixed Amid Israel Seizure Of Hamas Crypto Accounts: Analyst Predicts Imminent ETH Collapse By Year-End
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin have shown resilience amidst the ongoing Israel-Hamas conflict. Israeli police have seized cryptocurrency accounts associated with Hamas, with the help of Binance and other entities. The global crypto market cap stands at $1.07 trillion, reflecting a 0.46% decrease in the past 24 hours. U.S. stocks recorded gains on Tuesday, with the S&P 500 and Nasdaq Composite registering increases. Analysts predict potential weakness in Bitcoin and a possible collapse of Ethereum by year-end.
October 11, 2023 | 2:44 am
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NEUTRAL IMPACT
Bitcoin shows resilience amidst geopolitical conflict but analysts predict potential weakness.
Bitcoin's resilience amidst the Israel-Hamas conflict shows its strength as a digital asset. However, analysts predict potential weakness, which could impact its price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Dogecoin trades mixed amidst geopolitical conflict.
Dogecoin's mixed trading amidst the Israel-Hamas conflict shows its volatility as a digital asset. Its price could be impacted by further developments in the conflict.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Ethereum remains stable but faces potential collapse by year-end, according to analysts.
Ethereum's stability amidst the geopolitical conflict is a positive sign. However, analysts predict a potential collapse by year-end, which could negatively impact its price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80