Bitcoin Follows Gold Sharply Higher After Iran Attacks U.S. Forces In Iraq

By Billy Bambrough

Bitcoin, perhaps finally finding its place as a so-called safe haven asset, has moved sharply higher after Iran retaliated for the U.S. killing of Iranian general Qassem Soleimani.

The bitcoin price, now up 15% so far this year, has added 5% to its value in the last 12-hour trading period. The jump in the bitcoin price came shortly after news of Iran’s missile attack on U.S.-led forces in Iraq early on Wednesday.

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