Iran launched a missile attack on US forces stationed in Jordan overnight on July 29, prompting President Trump to respond with a firm promise to hit Iran « very hard ». This military escalation immediately sent oil prices surging, particularly due to risks surrounding the Strait of Hormuz, through which roughly a fifth of the world’s daily oil supply passes. Cryptocurrency markets remain on the sidelines for now, having not yet determined whether this event constitutes a bullish or bearish catalyst for Bitcoin. Analysts recommend monitoring stablecoin inflows to exchanges as a key indicator of market intentions.
Source: Read the original article
