$BTC $ETH BEARISH ?
Does Iran-Israel war news was the reason of the dip market?
My answer is NO.
When there is a war, all financial markets except stock goes up. During last Israel-Palestine war, BTC was bullish. I'm talking about the incident, where Israel forces entered Al Aqsa Mosque and start shooting while Muslims were having prayer.
Many were dead and they took many of them hostage and they are still imprisoned.
Later Hamas fired thousands of rockets in Israeli military bases. More than 50 Israeli soldiers were killed. (The news was published on an Israeli news portal, but later got deleted.
They published Hamas rocket targeted residential houses and Muslim mosques.)
On next few days, Israel air strike on many residential buildings and killed thousands of civilians.
There was a news that Iran may get involved, but the BTC was still bullish.
Also, Israel is fighting battle with Iran for a long time. They targeted many scientists, politicians in Iran and killed them. Iran didn't responded much, but maybe possibly we will see a huge revenge from that country. Being strategic and political partner of Russia makes Iran more powerful.
But I can insure that the impact of the war will be bullish for Crypto and Gold market.
Sad to say, but the recent dip in Gold price and Crypto is not due to war announcement. It's due to Ceasefire decision by UN and peace talk between Russia and Ukraine.
When there is a war, crypto and commodity market goes up. When there is peace, stock goes up and crypto and commodity market crashes.
That's why capitalists want violence and war.
Specially, American economy is based on war.
If both wars get stopped, the Bitcoin may go down and the bull market may get slowed down.
But according to my research the war won't stop so easily. USA giving more and more weapons to Ukraine while knowing they will never win against Russia without direct involvement of NATO.
USA wants to keep the economy going up, to reduce their trillion dollars debt.
