Bitcoin Slips to $27K as Escalating Hamas-Israel Conflict Dampens Investor Confidence

Q: How long will it take to read this news story?

The story "Bitcoin Slips to $27K as Escalating Hamas-Israel Conflict Dampens Investor Confidence" has 589 words across 21 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Bitcoin Slips to $27K as Escalating Hamas-Israel Conflict Dampens Investor Confidence" was covered 7 months ago by CoinDesk, a news publisher based in United States.

Q: How trustworthy is 'CoinDesk' news outlet?

CoinDesk is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news. The outlet is headquartered in United States and publishes an average of 11 news stories per day. It's most recent story was published 15 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #15129298</li><li>URL: https://beamstart.com/news/bitcoin-slips-to-27k-as-16970151688336</li></ul>

CoinDesk 7 mo ago

Bitcoin Slips to $27K as Escalating Hamas-Israel Conflict Dampens Investor Confidence - CoinDesk

Quick Summary:

Traders expect risk assets to fall further should geopolitical tensions continue to rise.

Traders expect risk assets to fall further should geopolitical tensions continue to rise.Bitcoin slipped 1.2% to trade just over $27,000 during the Asian afternoon hours on Wednesday as worsening scenarios in the Hamas-Israel conflict shattered investor confidence in riskier assets.

Earlier this week, traders told CoinDesk they expected prices to move lower as investors shy away from traditional equities and risk assets in favor of gold and oil – whose prices have gained as much as 6% in the past week.