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2024-10-04 13:09:26
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Bullet points of Bitcoin tanks, gold rebounds as Israel vows Iran ‘will pay’ for attack

Bullet points of Bitcoin tanks, gold rebounds as Israel vows Iran ‘will pay’ for attack
- Commodities like Gold and Crude oil surged due to Middle East tensions.
- Bitcoin took a hit, sparking debates on its safety as an asset.
- Gold reached $2,665 per ounce near its all-time high.
- Crude oil hit $72 per barrel.
- Bonds and the US dollar rose after Iran launched a major airstrike on Israel.
- Bitcoin dropped over 3%, showing its vulnerability during geopolitical turmoil.
- Analysts have varying views on Bitcoin's status as a safe haven asset, with some believing it still needs to mature into a potential substitute for Gold.
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