Followin message, on June 23rd, the United States air-striked Iran's Fordow and Natanz nuclear facilities, triggering Iran's retaliation against Israel and escalating regional conflict. Houthi armed forces resumed attacks on US ships and threatened to block the Hormuz Strait, with the Iranian president condemning US aggression and vowing to counteract.
Market risk sentiment sharply increased, with gold and oil prices rising then falling, BTC briefly dropped to $98,115.
Bitunix analyst suggests:
Escalating Middle East conflict may boost risk-averse sentiment, with cryptocurrencies potentially becoming a financial safe haven, more convenient to carry and trade compared to gold. If the Middle East situation continues to deteriorate, the market will reprice safe-haven assets. Additionally, further international political tensions could drive BTC to challenge historical highs, though policy intervention and increased market volatility risks should be noted. With warfare and diplomatic mediation coexisting, investors are advised to dynamically observe the situation's evolution and adjust position allocations. Short-term sharp declines mostly reflect panic sentiment and bullish stampede, recommending rational risk control and loss management without excessive panic.
