So far all it has done is to keep the price a little above $100,000. And I don't think there will be any big rises until the conflict becomes a little clearer. There could be downside, if there is downside in the markets in general. But as with the tariffs, bitcoin was the least affected and took the least time to recover.
We went below $100k already so I guess the impact is really coming in on BTC and most crypto. Just yesterday a significant amount was liquidated from the market which caused a significant move in the market. It pointing back to the crisis between Iran and Israel. Trumps speech today might have also had another impact which caused BTC to go below the $100k. Well we can actually say that the Us being the world most powerful country they kind of influence price a lot since most major commodities and financial market all tied to the united states dollar...
Let’s see in the next few days whether we will be back above $100,000 or will it shrink further. It all depends on Iran response after Trump’s move, because Iran is clearly a bit provoked even if it doesn’t attack the US, it will take it out on Israel by escalating its attacks. What is clear is that Bitcoin movement will remain a major concern in the crypto market.