Iran has attacked Israel and this time there is no chest beating.
Iran launches hundreds of missiles, drones in first direct attack on IsraelAltcoins always react poorly whenever Bitcoin goes into the red zone. This is nothing new as this has happened in the past but this might be the first time that the crypto market is reacting to this war like the global stock market.
Wait for more bloodshed in the crypto market, this situation will escalate and we might be seeing a big war in the making. I do not think you should presume that the market will recover soon.
Yes, I was watching the footages yesterday evening; I was talking about a full blown war between these countries. That would never happen as both sides are too smart to escalate it to that level. It won't benefit neither; these back and forths are just to avoid losing face at this point. Shooting a few rockets that whimper in the air means nothing in the grander scheme of geopolitical push and shove.
Alt-coins do react poorly in general, but looking at Bitcoin, it's down only 8%, when the rest are -- as you can see above -- 80% to 110% down. First time living through a bull run, so I'm a bit surprised that after so many cycles since 2011, there is such volatility in Alt-coin markets at this stage. Live and learn.
And yes, I could have waited, but I think at this point either direction the market moves, there is more chance that it won't go further down by much. Almost all the Alt-coins I listed in the OP stopped, or settled, around their support hit last Nov/Oct (and some Feb). If it goes further down, then there is no end at sight. And it looks like the market stopped bleeding last night, but who knows.