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?
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However, the Iran-Israel war probably won't have much impact on the global crypto market, because both countries are not big players in the global cryptocurrency industry. And investors are now smarter in responding to geopolitical conditions like this, and prefer to focus on the long term, rather than taking short-term actions on the grounds of geopolitical conditions like this. Moreover, in the last few weeks, positive news about Bitcoin has increased, and this could be a good signal for investors and maybe it could potentially boost the price of Bitcoin.
So as long as this doesn't turn into a full-scale war involving many countries, the crypto market conditions will remain relatively stable.