👀 What’s Up with Crypto?
A more accurate question would be: "What’s happening with the ♻️ global market?" — The escalation of the conflict in the Middle East has led to attacks by the US. In response, Iran has decided to close the Strait of Hormuz, through which about 20% of the world’s seaborne 🛢 oil passes.
➡️ If this happens, the entire global economy will suffer, as oil prices could surge to $250–$300 per barrel. Both stock markets and cryptocurrencies will also take a hit — high-risk assets won’t be the best way to protect your money.
Bitcoin, as the leading crypto and a trending new🔝 instrument for institutional investors, dropped to $99,000. However, 📝 historically, after shock events impacting the economy, it only takes a few days for Bitcoin to recover📈. The exception was the start of the pandemic in 2020, when the vast majority of industries actually halted operations.
#MarketPullback #ScalpingStrategy #BTCbelow100k #BTCPrediction $BTC