Bitcoin sees a slight increase in price, investors unconcerned about uncertainty surrounding Iran conflict.
Bitcoin has made a slight increase, with investors seemingly unconcerned about the uncertainty surrounding the prospects for peace negotiations between the United States and Iran. US President Trump has said that US negotiators will arrive in Pakistan for talks on Monday, but Iranian state media has suggested that Iranian officials may be absent from the talks. IG analyst Chris Beauchamp said in a report, "Ultimately, like all other markets, the success or failure of cryptocurrencies this week will depend on the progress of peace negotiations." He said that if the conflict escalates, cryptocurrencies appear vulnerable to any real risk-off sentiment. He also said that it is not yet clear whether any peace agreement would be of significant help to the industry, or if it would only reignite concerns about artificial intelligence. Data from the London Stock Exchange Group shows that Bitcoin has risen by 0.5% to $75,090, but remains within a narrow range.
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