Trump successfully replicated his "market closure and decapitation" strategy, leading to a strong rebound in crypto assets and crypto stocks.

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According to Mars Finance, on March 2, the US military launched a surprise attack on Iran on Saturday (February 28) and confirmed on Sunday morning (March 1) Beijing time that it had successfully "decapitated" Iran's Supreme Leader Khamenei. Despite traders' prior concerns that this move would negatively impact the market, with differing opinions mainly regarding the degree of negative impact, and US stocks indeed opening lower today (Dow Jones down 1.15%, S&P 500 down 1.07%, Nasdaq down 1.5%), both US stocks and crypto assets rose after the US stock market opened. Specifically: Bitcoin rose 5%, currently trading at $68,699; Ethereum rose 6.25%, currently trading at $2,035; S&P 500 turned positive, rising 0.23%, Nasdaq rose 0.14%, and Dow Jones rose 0.25%; Circle (CRCL) rose 11.35%; Strategy (MSTR) rose 5.43%; Bitmine (BMNR) rose 7.72%; Figure (FIGR) rose 12.62%. It is worth noting that the last similar US military action—the kidnapping of Venezuelan President Maduro—also employed a relatively market-protective strategy, namely on January 3rd. The market was suddenly raided during the Saturday holiday, and subsequently rose after the US stock market opened on Monday.

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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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