On June 23, the United States conducted airstrikes on Iran's Fordow and Natanz nuclear facilities, triggering Iran's retaliation against Israel and escalating regional conflict. Houthi militants resumed attacks on US ships and threatened to block the Hormuz Strait, with the Iranian president condemning US aggression and vowing to counteract.
Market risk sentiment sharply increased, with gold and oil prices rising and then falling at the opening, and BTC once dropped to $98,115.
Bitunix analyst suggests:
The escalation of Middle East conflict may boost risk-averse sentiment, with cryptocurrencies potentially becoming a safe haven for funds, being more convenient to carry and trade compared to gold. If the Middle East situation continues to deteriorate, the market will reprice safe-haven assets. Additionally, if international political tensions further escalate, it could drive BTC to challenge its historical high, though policy intervention and increased market volatility risks should be noted. With the spread of conflict and diplomatic mediation running parallel, investors are advised to dynamically observe the situation's evolution and adjust position allocation. The short-term sharp decline mostly reflects panic sentiment and long-side trampling, so it is recommended to reasonably control stop-loss and risks without excessive panic.
