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Last Sunday it seemed the Iran-Israel conflict was on the cusp of becoming a wider war when the U.S. announced it had deployed B-2 bombers to target Iranian nuclear sites. Bitcoin and crypto as well as traditional risk assets did not like that.

Since then, Iran has retaliated, Iranian threats to close the Strait of Hormuz felt more credible, the U.S. brokered a ceasefire, and both sides broke the ceasefire. Yet somehow by Friday, the Middle East seems quiescent. After things looked to be resolved Trump couldn’t help himself with this bit of bewilderment. $BTC