Santiment: The bombing incident shows that the situation has further deteriorated, and the stability of Bitcoin prices may be due to the weekend night time in the United States
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Planet Daily News: Crypto market analysis firm Santiment posted on X platform that today the US military bombed Iranian nuclear facilities, marking a significant escalation of the ongoing conflict between Iran and Israel for over a week. In the United States, New York Democratic Congressman Alexandria Ocasio-Cortez has requested the initiation of impeachment proceedings against Trump, with supporters believing this is crucial to curbing Iran's nuclear capabilities development. Global political figures and analysts warn that Iran may retaliate through cyber attacks, proxy armed attacks, or by cutting off oil transportation routes. Currently, approximately 40,000 US troops are stationed in the region, and with Trump personally threatening to use "more powerful force" in response, the situation may further deteriorate. The cryptocurrency market reacted quickly. According to Santiment's social metrics monitoring, mentions of the keyword "Iran" instantly spiked after the news broke. Bitcoin's price unexpectedly remained stable, which might be due to the event occurring on a weekend night (US time zone). Such geopolitical crises typically trigger market fluctuations as investors assess the risk of war escalation.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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