How much will the Iran-Israel war affect the crypto market?

War is an economic shock. And if it is an international war, then there is an impact on the global economy. From the price of gold to the digital currency market, nothing is spared from the war. As we have seen in the past when Russia went to war in Ukraine. Then the big shock came to the crypto world. As we currently see some impact on the market yesterday when news broke that Iran might launch a missile attack on Israel. However, after that, Iran launched a missile attack on Israel. And the crypto world has seen that impact quite well. For example, the price of Bitcoin was trading at around $66,000 two days ago, but yesterday, the price of Bitcoin came close to $60,000.

source

Although currently the price of Bitcoin has increased slightly from there and is trading above 61 thousand dollars. Iran may launch a missile attack on Israel After such an incident came to the market, suddenly there was a storm in the cryptocurrency world. There has been a sudden fall in multiple cryptocurrencies, starting with Bitcoin. Iran's current attack on Israel is considered one of the biggest attacks in the world. Iran has already fired several missiles at several places in Israel. When such incidents occur internationally or war breaks out, the impact on everything from gold to cryptocurrencies has a severe impact on the country.

The reason is that when war breaks out, it is natural that countries will be under economic pressure because every war costs a lot of money. Countries then sell whatever assets they have in stock. For example, Iran has a lot of bitcoins in government and if they sell all these bitcoins it will definitely affect the market and if they sell the bitcoins in their stock then they can definitely affect the market. On the other hand, there is a panic among investors due to which many start selling out of fear. And after this selling competition started, the prices of Bitcoin and other altcoins suddenly fell.

However, there are some advantages in this case, for example, due to the fall in the price of Bitcoin, the price of other altcoins also fall more. And this fall in prices is going to be of little benefit to new investors Those who are new investors can buy at low price. But for those who are old investors, there is a lot of difficulty From now on, if they sell crypto, they will get less money for now. Smaller cryptocurrencies than Bitcoin have also seen price manipulation. But it maintains a certain status quo. But if Israel retaliated against Iran, a war could be imminent. Much like World War III, although it is questionable whether World War III is happening now. But war is never desirable. If this happens, the price of Bitcoin may drop significantly.

Even if Iran and Israel get involved in a direct war, it is normal for the price of Bitcoin to move closer to or below $50,000. But hopefully the market will recover from all these situations very soon. But in all these situations the investors who are facing serious losses must be patient. Because you have to remember that when the danger is over, a new sun will appear and the price of Bitcoin will go to a good position and all coins will increase in price.