QCP Analysis: 'Institutional Investors Continue Buying Bitcoin Despite Worsening Iran-Israel Situation'

It was revealed by Reuters on the evening of the 16th that Iran had requested Qatar, Saudi Arabia, and Oman to urge Israel for an immediate ceasefire agreement through President Trump. In return, Iran is prepared to show flexibility in nuclear negotiations with the US, as stated by multiple sources. This expectation of easing tensions in the Middle East led to a rise in Bitcoin (BTC) that night, reaching up to $108,000. Currently, leaders and diplomats of the Gulf countries are intensively making calls to avoid further escalation of the conflict. Qatar, Oman, and Saudi Arabia are appealing to the US to pressure Israel for a ceasefire and to restart nuclear negotiations with Iran.