#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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The conflict between the US and Iran intensifies, BTC falls below $100,000. Analysts: Crypto Assets may become a new choice for hedging.
On June 23, the United States launched airstrikes on Iran's Fordow and Natanz nuclear facilities, triggering Iran's retaliation against Israel and escalating regional conflicts. Houthi forces resumed attacks on U.S. ships and threatened to block the Strait of Hormuz. The Iranian president condemned U.S. aggression and vowed to retaliate.
Market risk sentiment has surged sharply, with gold and oil prices rising at the opening before falling back, and BTC briefly dropped to $98,115.
Analyst suggests:
Cryptocurrencies are expected to be a safe haven for funds, more portable and tradable than gold, and if the situation in the Middle East continues to deteriorate, the market will reprice safe-haven assets. In addition, if international politics heat up further, it may push BTC to challenge historical highs, but it is necessary to be aware of the risk of policy intervention and increased market volatility. In parallel with the spread of war and diplomatic mediation, it is recommended that investors dynamically observe the evolution of the situation and adjust their position allocation, respond to panic and bull stampede in the short term, reasonably control stop losses and risks, and do not need to panic excessively.