Bitcoin Hikes 20 Percent Since Tension Erupted Between US and Iran

The world's largest cryptocurrency has been increasingly used as a value reserve, gaining momentum in times of traditional market stress.

RIO DE JANEIRO, BRAZIL - Since January 3rd, global financial markets have been in a tense atmosphere, wary of events between the United States and Iran and the chance of a new war in the Middle East.

However, while some stocks and bonds retreat, Bitcoin and other cryptocurrencies see a strong upward trajectory, with the world's largest digital asset accumulating gains of about 20 percent since the US attack that killed Iranian general Qasem Soleimani.

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