Iran Could Potentially Be Targeted by U.S. Attack, Sparking Bitcoin Market Volatility: Bloomberg
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Stuff's about to hit the fan, dog! U.S. officials are reportedly eyeing a potential strike on Iran in the coming days, sources close to the matter told Bloomberg yesterday. This ticking time bomb has traders worried, and they're bracing themselves for a possible Bitcoin price crash, with experts warning it could fall below $100K due to panic selling.
According to Bloomberg, the feds are pretty much ready to kick things off over the weekend, but things could still change, with diplomatic talks planned between foreign ministers from the UK, France, Germany, and others on Friday. Trump kept tight-lipped about his decision, telling reporters outside the White House that he might just as well roll over and play dead as he might take action.
In the crypto world, traders are helicoptering their Bitcoin stashes, fearing the fallout from a potential U.S.-Iran conflict. With recent geopolitical tension, the price of BTC has been as erratic as a drunken sailor on a stormy night, showing signs of crazy volatility. The U.S. military action against Iran has a 62% chance of happening before July, according to Polymarket data.
Meanwhile, Washington is gearing up for a possible strike on Iran, and that's got the markets all jittery. Stock futures are diving, gold's jumping, the US Dollar Index is nearly at 99, and the 10-Year US Treasury yield remains unchanged, despite earlier rising sharp.
If the U.S. gets tangled up in a conflict with Iran, Bitcoin and other cryptos would likely experience a short-term price crash of 10-20%, driven by increased geopolitical risk. The market's subsequent recovery would take time, but it's expected to happen once volatility calms down and geopolitical fears subside.
Investors might also rotate their capital into traditional safe havens like U.S. Treasuries, the U.S. dollar, and gold during such crises, which could lead to upward pressure on these assets. The conflict could also push oil prices higher due to supply concerns and potentially increase inflation expectations, complicating Federal Reserve monetary policy decisions.
In case you missed it, check out this juicy read about pro-Israel hackers burning $90 million stolen from an Iranian exchange!
Politicians and military actions fuel global uncertainty, with the potential U.S.-Iran conflict causing traders to worry about a Bitcoin price crash, potentially falling below $100K due to panic selling. This conflict could also potentially lead investors to rotate their capital into traditional safe havens like U.S. Treasuries, the U.S. dollar, and gold during such crises, and push oil prices higher due to supply concerns. In the stock-market, futures are diving, reflecting the general-news of the looming war-and-conflicts, while gold's jumping and the US Dollar Index is nearly at 99.
