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.
Israel, and Iran, war will not affect Bitcoin much, the impact of the news can affect price on the short term but it will recover like it always does when a negative news makes it to dip. Smart and experienced investors will not panic if any fundamentals like news of war dumps price, they know the potentials of Bitcoin that on the long term ATH will happen. I also believe that Israel, and Iran, are not strong crypto nations like America, and if price dip due to their conflicts it will recover fast, what can affect Bitcoin price is if more countries were to involve in the war but we don't hope for that to happen. We are still in the bull run and I am expecting more positive news to drive price to more ATH.
Just as you said, it truly did recover fast immediately after the war ceased. There could be so many reasons for this.
Maybe because Iran and Israel are not truly strong crypto nations, just like you said,
Or because the war didn't last long enough to escalate into something more disastrous,
Or because Bitcoin investors are now more confident in Bitcoin and chose not to react unnecessarily to news concerning the ongoing war.
Whatever the reason may be, we now know that Bitcoin wasn’t affected that much.