Iranian missiles have intensified the conflict between Israel and Iran. Iran fired more than 200 missiles yesterday in response to Israel's ground offensive against Lebanon. As a result, the S&P closed down 1% and the WTI closed up 2%, with today's price trend stable.
Cryptocurrencies, however, were hit much harder, with BTC closing down 4% and seemingly finding some support at the $60,000 level, but further escalation could push BTC down to $50,000. The conflict in the Middle East will attract attention, but the shallow sell-off shows that the market's willingness to buy risky assets remains strong. This minor setback should not distract people from the big picture.
In any case, it's a good time to stock up on my beloved ETH.
