GOOD MORNING!!!
...another negative day in the land of #BTC , with #altcoin still trying to maintain good charts.
I see many people saying that the market falling because of Israel's attacks on Iran is nonsense, but this only highlights the lack of knowledge of these people, let's go;
An escalation between Israel/Iran certainly brings the idea that oil production in Iran will be a target, sooner or later, this will push oil even higher, adding inflationary pressures, potentially raising inflation, which could add about 0.5 to 1.0 percentage points to inflation in developed markets by the end of this year.
At this moment, any increase in energy inflation would be another reason for central banks to proceed cautiously with interest rate cuts, and for the FED to remain on the sidelines for now, which further scares large investors.
So, YES! The market has reasons to fall, even if it's not what we would like!
Stay strong and you will win! 🤝🏻🫂