๐ With crypto market caps continuing to sink Wednesday, many are associating the drops with the Iran and Israel conflict.
๐ Based on previous recent instances of major real world conflicts, cryptocurrency prices saw initial drops, followed by major rebounds:
๐ฎ๐ฑ๐ต๐ธ Israel & Palestine conflict: Oct. 7, 2023
๐Bitcoin -5% in first 4 days
๐Bitcoin +12% the following 9 days
๐บ๐ฆ๐ท๐บ Ukraine & Russia conflict: Feb. 23, 2022
๐Bitcoin -10% in first 1 day
๐Bitcoin +27% the following 6 days
