Bitcoin rises 5% on peace in Iran; Russia attacks Coca-Cola factory
2026-09-04 02:01:47
According to CoinMeta, as reported by Coinpaper, Bitcoin rose by more than 5% on Thursday, breaking through $81,000, as the market was optimistic about the potential easing of tensions between the United States and Iran. Nevertheless, Russia's attacks on Ukraine continue to intensify, with Ukrainian media reporting that Russian drone strikes have damaged a Coca-Cola beverage factory in the Kiev region. The conflict in the Middle East is directly linked to financial markets, as the Strait of Hormuz is crucial for global energy supply, with Brent crude oil prices approaching $98 per barrel. High energy prices could drive inflation, affect the bond market, and reduce the likelihood of the Federal Reserve relaxing its policies. Bitcoin's performance is influenced by the complex dynamics of geopolitical crises. Despite ongoing global tensions, changes in market expectations regarding the Middle East energy crisis may be the reason behind Bitcoin's rise.
Source:Coinpaper
This content is for market information only and does not constitute investment advice.
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