Wintermute: If the conflict continues, cryptocurrencies and other risk assets may remain under pressure
ChainCatcher news, according to a market analysis report released by Wintermute, the military strikes by the United States and Israel against Iran have triggered risk aversion in the market. The price of bitcoin briefly dropped to $63,000, then rebounded to around $67,000. The military operation, codenamed "Epic Fury," began last Saturday night and targeted Iranian military facilities. According to reports, it resulted in the deaths of Iran's supreme leader and senior officials. The conflict has lasted for three days, with the Strait of Hormuz effectively closed and airspace in the Gulf region shut down. The situation is showing signs of escalation rather than easing.
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