World Conflicts Create Major Detour in Cryptocurrency Discussions on Social Media

📉 With crypto market caps continuing to sink Wednesday, many are associating the drops with the Iran and Israel conflict. The subject of war obviously goes far beyond cryptocurrency market analysis. But from a market perspective, we are seeing trader sentiment quickly turn from FOMO and FUD as a result.

📊 Based on previous recent instances of major real world conflicts, cryptocurrency prices saw initial drops, followed by major rebounds.

🇮🇱 🇵🇸 Israel & Palestine conflict: Oct. 7, 2023
📉Bitcoin -5% in first 4 days
📈Bitcoin +12% the following 9 days

🇺🇦 🇷🇺 Ukraine & Russia conflict: Feb. 23, 2022
📉Bitcoin -10% in first 1 day
📈Bitcoin +27% the following 6 days