In the evening, news came out that a spokesman for the Israeli government called on international organizations to evacuate the Rafah area where military operations were taking place.

This caused a small panic in the cryptocurrency circle, and BTC fell a bit.

In addition, Federal Reserve officials said that continued housing inflation could push interest rates higher, and the Fed has more work to do to curb inflation.

The market is expected to remain volatile, so don't take the risk of going long.

If Israel launches a military operation against Rafah, BTC is expected to fall below 62,000.