OREANDA-NEWS  The bitcoin exchange rate played back the drop that occurred on the day of the outbreak of the conflict between Israel and Iran. The value of the cryptocurrency, which reacted to the beginning of mutual blows by decreasing to 102 thousand dollars, rose above 107 thousand on June 16, according to trading data.

By the time of writing, bitcoin was rising in price during the day by 1.72 percent, 107,018 thousand dollars. Now it is again not so far from the historical highs, which it reached in the twenties of May.

On June 13, Israel launched Operation Lion Rising and attacked numerous facilities in Iran, citing Tehran's development of nuclear weapons as the reason for its actions. Iran responded with ballistic missile attacks on Tel Aviv and several other cities.

According to Philippe Laffont, founder of the hedge fund Coatue Management, bitcoin's volatility has decreased in recent years. He recalled that in 2022, the cryptocurrency fell by 60 percent, while the Nasdaq Composite stock index fell by 33 percent, and in April, after US President Donald Trump imposed increased trade duties on imports for most countries of the world, bitcoin fell by only 5 percent, weakening even less than the Nasdaq. All this, the expert believes, increases the attractiveness of cryptocurrencies for investors.

The Russian Central Bank does not agree with this statement of the issue, still opposing the purchase and sale of cryptocurrencies by ordinary investors, as well as warning about the danger of crypto exchanges in which citizens may "unknowingly become an actual participant in settlements with criminals."