I*s*r"a'e*l-I"r*a'n Conflict Rattles Crypto & Internet:
Key Impacts-
1️⃣Escalating Tensions: I*s*r"a'e*l's airstrikes on I"r*a'n's nuclear sites and I"r*a'n's threats to close the Strait of Hormuz have spiked geopolitical risks, impacting global markets.
2️⃣Crypto Market Dips: Bitcoin fell from $108K to $103.5K, with altcoins dropping up to 9%. The crypto market lost $140B, but Bitcoin stabilized at $103K with institutional buying support.
3️⃣Internet Disruptions: Cyberattacks linked to the conflict hit I*s*r"a'e*l's power grid and I"r*a'n'i*an communications, raising fears of broader internet outages if critical infrastructure like undersea cables is targeted.
4️⃣Oil & Crypto Link: Rising oil prices (Brent +10%) due to supply fears could delay Fed rate cuts, pressuring crypto. I"r*a'n reportedly uses Bitcoin for 15% of oil trade settlements.
5️⃣Stablecoins Shine: USDC demand surges, with Circle’s stock hitting $165.60. XRP shows resilience due to its payment utility.
Stay cautious, diversify, and monitor updates as the situation evolves.
