Bitcoin Price Prediction as Israel Ground Operation in Gaza Jolts Global Markets – Where is BTC Heading Next?
Amidst the tumult of global markets reacting to the Israel-Hamas conflict, Bitcoin stands resilient. As of Saturday, the premier cryptocurrency is trading at $34,126, marking a modest increase of nearly 0.10%. This stability in the face of geopolitical unrest emphasizes Bitcoin’s growing role as a potential hedge against traditional market volatility.
Further bolstering its position, the US SEC, under the leadership of Chair Gary Gensler, is currently reviewing applications for 8–10 spot Bitcoin ETFs.
As investors and enthusiasts worldwide keenly observe these unfolding events, many are asking: where is BTC heading next? This Bitcoin price prediction aims to address that very question.
As Israeli ground forces escalate their operations, the intensity of Israel’s shelling of Gaza, particularly in the northern sector, continues to rise. The UN General Assembly, in a non-binding resolution, has called for a humanitarian ceasefire in Gaza.
Health and humanitarian organizations express deep concern for the well-being of Palestinians in the Gaza Strip, as the area faces a near-total communication blackout.
Negotiations between Israel and Hamas, facilitated by Qatar, are reportedly progressing and have reached an advanced stage. Since October 7, over 7,326 Palestinians have tragically lost their lives due to Israeli strikes, while more than 1,400 have perished from Hamas attacks on Israel.
Israel-Hamas war live: Israel unleashes ‘pure horror’ on Gaza Strip | Israel-Palestine conflict News | Al Jazeera https://t.co/XwuQAlpwOE
— Joel Cardwell (@joel_cardwell) October 28, 2023
In light of these significant global events, Bitcoin’s price appears to be experiencing a boost, with BTC’s value increasing in response to the unfolding
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