Impact of Israel-Hamas Conflict on the Crypto Market: Key Points
Bitcoin's Safe-Haven Role: Bitcoin saw a brief uptick as investors turned to it amid geopolitical uncertainty, but gains were short-lived due to market volatility.
Altcoin Fluctuations: Ethereum and smaller altcoins experienced sharper drops, reflecting the market’s risk aversion.
Stablecoin Demand: USDT and USDC gained popularity as traders sought stable assets to weather the volatility.
Disruption to Tech: Israel's role as a tech hub has led to disruptions in crypto startups and blockchain projects in the region.
Continued Volatility: As tensions escalate, further market instability is expected, though long-term investors may view this as a buying opportunity.#BTC60KResistance #USCoreCPIUp #USRateCutExpected $BTC
