A series of chain reactions after the death of the Iranian president

Triggering Iran's revenge on Israel - Reigniting the war in the Middle East - It is bound to push up oil prices - In turn, it will push up global production costs - Ultimately push up inflation - Expectations for interest rate cuts are reduced - Risk markets fall - Pie falls - The cryptocurrency market continues to fall

Detailed explanation is as follows:

The unfortunate death of Iranian President Raisi may have a chain reaction on the cryptocurrency market. The sudden change of this incident may lead to a power vacuum within Iran, breaking the balance between radicals and moderates, especially if the incident is linked to external forces such as Israel, which may trigger Iran's retaliatory actions against Israel, and then trigger regional conflicts. The rekindling of the war in the Middle East will push up oil prices and global production costs, increase inflationary pressure, and make the market expect that the central bank is less likely to cut interest rates. Risk assets including cryptocurrencies such as Bitcoin may fall accordingly, continuing the recent downturn in the cryptocurrency market. However, Iranian officials are currently restrained, emphasizing that the accident may be caused by natural factors, similar to the risk of flying in bad weather conditions. This rational attitude has eased the immediate tension, but the future direction still needs to be closely monitored.