When the situation in the Middle East becomes tense, the general rule is:

1. Funds will enter the US dollar market for risk aversion;

Second, the price of oil will rise.

This will lead to a stronger dollar and inflation is likely to rise again. Once inflation in the United States rises again, the Federal Reserve will most likely continue to raise interest rates given that the current U.S. employment rate data is better than expected. The Federal Reserve's continued interest rate hikes will further push up expectations of a stronger dollar.

If the U.S. dollar strengthens further, coupled with the current risk-averse trend, the crypto market is unlikely to perform well in the short term.