📉 Why did the crypto market fall?

The situation in the Middle East has triggered a downturn in the entire cryptocurrency market 🐻

According to US officials, Iran has launched drone strikes against Israel.

Ostan Goolsbee, an American economist, believes that the instability in the Middle East is an unpredictable factor for the Federal Reserve regarding oil and gas prices.

💬 Of course, any negative factor for the Fed is also a negative factor for the crypto market. However, tension in the Middle East has been present for quite some time; it's just that the current development of the conflict has been skillfully used as a source of FUD.

What do you think, did the conflict factor truly have an impact, or was it more about FUD?