The U.S. airstrikes on Iran have escalated the conflict between Israel and Iran.
Iran threatens to block the Strait of Hormuz, posing a risk of upward price breakthroughs for key raw materials like oil.
This will drive up prices, and the $CPI data, which the Federal Reserve values most, will rise, leading to a continued decline in interest rate cut expectations.
On the positive side, the U.S. stepping in could mean that the larger conflict between Israel and Iran may come to an end more quickly.
In the U.S. stock market, the weekend's conflict did not trigger a drop in stock prices.
However, #Crypto remains fragile and has suffered a significant setback.
Since breaking $110,000, $BTC has fallen to around $98,000 for the first time; $ETH has seen a massive decline, dropping to around $2,100 at one point.
In terms of crypto stocks, only the stablecoin leader $CRCL has soared, while other popular #NASDAQ crypto stocks like $MSTR, $SBET, $DFDV, and $BTDR have begun a long adjustment period.
Regarding personal holdings, the crypto asset $ETH and U.S. stocks $ETHU, $BITX, and $SBET are all underwater, and the road to breaking even is long...
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