World Conflicts Create Major Detour in Cryptocurrency Discussions on Social Media
๐ With crypto market caps continuing to sink Wednesday, many are associating the drops with the Iran and Israel conflict. The subject of war obviously goes far
Not financial advice. DYOR.
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๐ With crypto market caps continuing to sink Wednesday, many are associating the drops with the Iran and Israel conflict. The subject of war obviously goes far beyond cryptocurrency market analysis. But from a market perspective, we are seeing trader sentiment quickly turn from FOMO and FUD as a result.
๐ Based on previous recent instances of major real world conflicts, cryptocurrency prices saw initial drops, followed by major rebounds.
๐ฎ๐ฑ ๐ต๐ธ Israel & Palestine conflict: Oct. 7, 2023
๐Bitcoin -5% in first 4 days
๐Bitcoin +12% the following 9 days
๐บ๐ฆ ๐ท๐บ Ukraine & Russia conflict: Feb. 23, 2022
๐Bitcoin -10% in first 1 day
๐Bitcoin +27% the following 6 days
Not financial advice. DYOR.
