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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The battle for HBM intensifies! Samsung plans to expand its 4-nanometer process capacity, increasing competitive pressure on SK Hynix (SKHY.US) and Micron (MU.US).
Samsung plans to expand its 4nm production capacity to support the manufacturing of HBM4 base dies, increasing its HBM market share from 21% to 33%, thereby intensifying competitive pressure on SK Hynix and Micron.
MoffettNathanson lowers AT&T target price to $23
UBS Cuts Deal With Dutch Prosecutors Over Credit Suisse Criminal Tax Violation Cases
Pentair names Bob Hau as CFO effective Nov. 1, 2026
Crypto prices
More
