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What could a US ground invasion of Iran mean for Bitcoin and cryptocurrencies?
The Middle East war has become a key driver of global market sentiment, leading to alternating risk-on and risk-off phases amid recurring cycles of de-escalation and escalation during the conflict. However, the broader impact on global markets has been definitely negative, pushing investors toward safe-haven assets. The US Dollar (USD) has outperformed across markets, while global Equities have come under significant pressure since the onset of the conflict. Meanwhile, Bitcoin (BTC) has mostly traded sideways as the broader crypto market had already undergone a correction of more than 50% since its all-time high ... (full story)
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