On June 13, Israel launched a large-scale airstrike on Iran, causing the crypto market to fall sharply, with Bitcoin falling below $103,000. How is the war going? Will the crypto market continue to fall or rebound from the bottom?
It is just a market reaction and nothing more. That happened when Russia attacked Ukraine, but what happened after? Bitcoin increased in price back that day and later bitcoin get to all-time high multiple times. You can make better speculation based on if there is coming bear season, but do not consider this war for speculation except you are a trader which speculate in short term.
You’ve got a point, it feels like this war isn’t really new to us anymore. Other countries that aren't directly involved probably won’t react much, so we should be fine for now.
The only real concern is if this escalates into something like World War 3, which we all hope won’t happen.
But from a market perspective, sentiment should actually be positive. Both countries involved will face economic struggles, and in situations like this, crypto stands out as one of the best hedges against the negative impact on traditional markets.