Geopolitical turmoil erupts and bitcoin is again acting like a safe haven
Recent turmoil between the United States and Iran is giving bitcoin and oil a major boost.
After breaking the $7k support recently and getting as low as $6,800, prices bounced over $500 to get back over $7,300 in fairly short order.
This happened right around the time news was breaking that the United States had carried out a hit on top Iranian military commander Qasem Soleimani.
As you might have guessed, Iran vowed to retaliate and risk on assets suddenly started to plunge while risk off assets started to catch a bid.
With bitcoin being being treated like it was one of them again.
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