The world remains tense after Israel and Iran engaged in direct attacks last Friday-Saturday. As of this Sunday evening (WIB), no new attacks have been confirmed, but uncertainty is very high. This makes global markets, including crypto, extremely anxious.
Current Situation: Waiting for the Next Steps
Israel confirmed it successfully intercepted most of Iran's drone and missile attacks. However, after Israel retaliated, the world is now waiting for Iran's next reaction. Both sides continue to threaten each other. Airspace in the Middle East remains restricted, and the UN continues to call for an end to this conflict.
Impact on Global Markets (Until This Sunday)
This tension is prompting investors to avoid risk:
* Oil and Gold Rise: Oil prices remain high due to concerns about supply disruptions. Gold continues to soar as a safe asset.
* Stocks & Crypto Under Pressure: The stock market (despite being closed today) and the crypto market remain in the red. Investors tend to sell risky assets.
* US Dollar Strengthens: The dollar is in demand as it is considered the safest during a crisis.
Direct Effects on the Crypto Market Today (Sunday)
* Bitcoin (BTC) & Altcoins Plummet: Bitcoin continues to decline and struggles at the support level. Altcoins have also dropped worse, as investors panic sell assets.
* Money Moves to Stablecoins: Many funds have been withdrawn from volatile coins and temporarily parked in stablecoins.
* Inflation Threatens: Rising oil prices could worsen inflation, which means central banks might delay interest rate cuts. This is bad news for risky assets like crypto.