Would Bitcoin Drop If A War In The Middle East Breaks Out? Yes, But There’s A Catch
Posted On October 3, 2024
Market intelligence platform Santiment Feed links the recent plunge in cryptocurrency market caps to the ongoing Iran-Israel conflict but predicts a rebound soon.
What Happened: Santiment highlighted that trader sentiment is swiftly shifting from Fear of Missing Out (FOMO) to Fear, Uncertainty and Doubt (FUD) due to the conflict. The CoinMarketCap Crypto Fear and Greed Index has slipped into the fear (36) zone as tensions escalate.
| Cryptocurrency | Price | 7 Day Gains +/- |
| Bitcoin (CRYPTO: BTC) | $60,354.56 | -6% |
| Ethereum (CRYPTO: ETH) | $2,348.88 | -10% |
| Solana (CRYPTO: SOL) | $136.90 | -10% |
| Dogecoin (CRYPTO: DOGE) | $0.1038 | -9% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001603 | -7% |
Elaborating on the impact of previous geopolitical conflicts on Bitcoin’s price, Santiment cited the Israel-Palestine conflict in 2023 and …
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