A few days ago, I said a simple thing about the crypto market and other financial markets. I said that if the US gets directly involved in any conflict, then markets can crash.
Now you have seen yourself when the US did a recent attack, the crypto market shook. Altcoinsโ prices fell to the ground, and BTC also went below $100K.
This is how the US have great impact on markets. For now, because Iran have not retaliated yet, the market has recovered a bit but any time the market can crush further. The main reason is that now whether Iran retaliates or not.
Now the question is more crash possible? Yes, it is completely possible. If Iran replies or retaliates, then the US can react again, and if war starts, then markets, especially BTC, can fall more.
Now the market's direction depends on war and peace. At this time, first of all, we should pray that peace stays. The second important thing is that everyone should keep an eye on the news. If at any time there is any big decision whether attack or talks, an immediate action should be taken.
War is not for sure a good news for any financial markets. Also the FED decision is not good for the markets. Because of the war the rates are not possible to be cut and recent FED announcement shook the investors.
Right now, BTC range is from $98K-$103K. Thats the range which is considered safe for investors. Below and above this range must be considered as high risk.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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