Iran’s Missile Attack on Iraqi Military Bases Causes BTC Spike

Posted on Jan 8, 2020

In the latest turn of events, Iran have claimed responsibility for the missile attack on two military bases in Iraq housing U.S. forces. The attack has been called an act of revenge by the IRGC (Islamic Revolutionary Guard Corps) in response to the assassination of Iranian military general Qassim Soleimani. Amidst the rising tensions between Iran and the US, investors are relying on alternative assets that remain resistant to political crisis. Since yesterday, the price of Bitcoin shot up by 7.8% with trading reaching above $8,450. Crypto analysts have noted BTC “looking stronger than ever” as prices may continue to rise.