WHAT TO EXPECT AFTER TRUMP ATTACKS ON IRANIAN NUCLEAR FACILITIES

Crypto market crashed as geopolitical risks rose

$BTC and most altcoins plunged after the U.S. launched a major bomb in Iran targeting three nuclear sites. Trump’s goal was to destroy Iran’s nuclear capabilities as its missile exchange with Israel continues.

These assets likely dropped for two main reasons. First, they dropped as investors embraced a risk-off sentiment following this attack. Historically, risky assets like stocks and cryptocurrencies retreat after a major black swan event.

For example, stocks and crypto fell in April after Trump launched retaliatory tariffs. They also fell in March 2020 after the COVID pandemic started, and in February 2022 after Russia invaded Ukraine. In a note to Bloomberg, Hanain Malik of Tellimer said:

“Short-term, markets such as crude oil, stocks, and crypto will pivot on whether Iran retaliates and widens the war in a way that impacts oil supply versus backing down and offering concessions on its nuclear program.”

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Crisis in Iran may lead to higher inflation

The other main reason the crypto market crashed is that the Middle Eastern crisis could lead to higher crude oil and shipping prices. Brent and West Texas Intermediate oil benchmarks have already jumped by over 32% from the year-to-date low, and analysts anticipate rising prices. Shipping costs have also jumped.#IsraelIranConflict #MarketPullback #Write2Earn

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