#BreakingNews Alert 🚨
#Israel Vows Strong Response to #Iran Attack 💥

According to reports, Israel's war cabinet has decided on a decisive and forceful retaliation following Iran's missile and drone attack. Defense Minister Yoav Gallant and IDF Chief of Staff Herzi Halevi advocate for action without jeopardizing the US-led coalition's support.
Israel aims to send a clear message that such attacks won't go unanswered. The response will be coordinated with the US.
Stay tuned for updates! #MiddleEastTensions #GlobalSecurity 🌐🔒

#Write2earn
BITCOIN PRICE RECOVERS AMID GLOBAL MARKET SELL-OFF
#Bitcoin #Ethereum #Altcoins #MiddleEastTensions
$BTC $ETH $SOL

Traditional markets from the U.S. to Japan saw declines across major indexes, affecting stocks and cryptocurrencies. Bitcoin (BTC) reversed losses during Asian morning hours on Friday as global asset sell-offs continued, worsened by Middle East geopolitical tensions.

Bitcoin's Volatile Ride

Bitcoin's Recent Performance
BTC slumped to $62,500 during late U.S. trading on Thursday. It reversed losses and traded just under $64,000 at 6:30 UTC, near its 50-day moving average, a key support line for traders. FxPro senior market analyst Alex Kuptsikevich noted, “If the decline continues, the $63K and $61K levels, near the 50 and 200-day moving averages, will be crucial. Failing this support could lead to a drop to $55K, which is concerning.”

Historical Trends
Kuptsikevich added, “August is one of the worst months for BTC. In the past 13 years, Bitcoin ended August up only five times and down eight times, with an average decline of 15.4% and an average rise of 26%.”

Crypto Market Trends

Impact on Major Cryptos
Major cryptocurrencies fell in the past 24 hours amid global equity weakness. Ether (ETH) lost 1.6%, while XRP and Solana's SOL dropped as much as 8%. This broad sell-off impacted Bitcoin exchange-traded funds (ETFs) as well.

ETFs Performance
U.S.-listed BTC ETFs saw a total daily net inflow of $50.6 million, but funds like GBTC, FBTC, ARKB, BITB, and HODL experienced outflows. Meanwhile, Ether ETFs posted a net inflow of $26.75 million, although many had zero flow.
Broader Market Impact

Global Index Declines
The technology-heavy Nasdaq 100 ended Thursday with a 2.6% loss, and the S&P 500 Index fell 1.4%, erasing nearly all of Wednesday’s gains. Concerns about the U.S. economy and future earnings of tech firms contributed to these declines. In Japan, the Topix index dropped 6% on Friday, marking its biggest fall since 2016.

🚨🇺🇸 **Tensions Escalate: Iran's Warning to the US Amidst Israel-Lebanon Conflict** 🇮🇱🚨

Here's the latest on the unfolding situation:

📣 **Iran's Message to the US:**
- Iran warns the US against interference in the Israel-Iran conflict, threatening attacks on US forces in the region if provoked.

💥 **Attacks on Northern Israel:**
- Lebanon-based Hezbollah terrorists launch rockets at northern Israel, raising concerns of escalating hostilities.

🛡️ **Speculation of Iranian Involvement:**
- Some believe the rocket attacks aim to weaken Israel's air defenses ahead of a potential Iranian strike.

🚀 **Iran's Potential Attack Plan:**
- Israel and the US anticipate Iranian attacks involving ballistic missiles, cruise missiles, and drones from Iranian territory.

⚔️ **Reason for Iranian Retaliation:**
- Iran seeks retaliation for an airstrike in Damascus that killed a top Iranian general, escalating tensions in the region.

🛢️ **Impact on Oil Prices:**
- The conflict's expansion across the Middle East poses risks of significant oil price hikes, affecting global markets.

Stay informed as the situation unfolds! #TrendingTopic #MiddleEastTensions #stayvigilant 🌐🔍

The situation in the Middle East is surely escalating and will have a predominant negative impact on world markets including Crypto markets if not defused.

The Iranian Foreign Ministry called for an emergency meeting of the Organization of Islamic Cooperation after the assassination of Hamas Politburo head Ismail Haniyeh in Tehran.
At the same time, the Financial Times reported that the EU and the US held urgent talks to prevent war in the Middle East due to the assassination of Hamas's Politburo chief.

#Dyor2024
#MiddleEastTensions

$BTC #MiddleEastTensions ⛽