The Impact of Israel-Hamas Conflict on Bitcoin and Stock Markets

The ongoing Israeli-Hamas war in the Middle East has raised concerns among traders that it could impact the crypto markets, potentially leading to a short-term decline in riskier assets like bitcoin. The conflict has already caused a slump in crypto markets, with traders factoring in rising oil prices and a drop in traditional equities. However, crypto markets have shown early signs of resilience, which may instill confidence among investors. The impact of geopolitical struggles on the crypto market was previously demonstrated during tensions between Russia and Ukraine in early 2022. Traders suggest keeping an eye on oil and energy market changes to gauge the direction of bitcoin.