Bitcoin

This event reinforces the current risk-off rotation, as traders flee equities and crypto for safe havens. Historically, geopolitical shocks in the Middle East spike oil and gold while crushing risk assets—crypto, still treated as a high-beta risk asset, is vulnerable to further liquidation despite its 'digital gold' narrative.

Iran and Israel exchanged strikes, and these strikes reportedly threaten a fragile ceasefire between the U.S. and Iran that has been in place since early April.

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