🚨🚨Let’s look at the factors driving the crypto market down today.🩸🩸
⚠️●😱Situation can be worse if israel retaliate 😱🩸
👉Let’s look at the factors driving the crypto market down today.
Crypto prices slip over escalating situation in the Middle East
The instability witnessed in equities and digital assets on Oct. 1 follows reports of a possible escalation in the Middle East between Iran, Lebanon and Israel.
The United States has indications that Iran is preparing to imminently launch a missile attack against Israel, according to Disclose.tv.
Israeli Prime Minister Benjamin Netanyahu stated that the actions taken so far “will not be enough,” as reported by CNBC. As oil prices continue to spike, they would likely push inflation higher, limiting the US Federal Reserve’s ability to continue cutting interest rates.
One hour after Wall Street opened on Oct. 1, the S&P 500 was down 1.1%, while the Dow Jones index dropped 302 points, or 0.7% The Nasdaq Composite index pulled back 1.4%. #BTCUptober #BitwiseFilesXRPETF #EIGENonBinance #IranianMissilesPlummetsBTC #IranianMissilesPlummetsBTC
