How Israel - Hamas war will effect crypto market?
It is important to note that the crypto market is still relatively new and immature, and it is difficult to predict how it will react to future events. However, investors should be aware of the potential risks and opportunities before investing in cryptocurrencies during times of war.
The 2022 Russian invasion of Ukraine led to a sell-off in the crypto market, as investors became more risk-averse. However, the crypto community also rallied to support Ukraine, with donations totaling over $100 million.
The 2011 Libyan civil war led to an increase in the use of Bitcoin, as Libyans sought a way to protect their savings from the collapsing Libyan dinar.
The 2018 US-Iran sanctions led to an increase in the use of Bitcoin by Iranians, as they sought a way to circumvent the sanctions.
