As Israel warns Palestinians in the north of Gaza to move south and away from its impending offensive, crypto is acting as a contrary asset and is finally seeing a small bounce after several days of downward price action.
A chaotic geopolitical situation
In step with safe haven assets such as gold and silver, crypto is bucking yesterday’s equities decline as an impending Israeli drive into northern Gaza is about to take place.
With the Ukraine/Russia conflict more than a year old, and now Hamas’ recent heinous strike into Israel supplying a spark that might yet set fire to the Middle East, the global geopolitical scene has been thrown into chaos.
A potential crypto rally
Very much a risk asset, cryptocurrencies should be expected to bear the brunt of investors divesting themselves of these types of assets in order to effectuate what has historically taken place in times of global trouble, which is a flight into the perceived safety of the U.S. dollar.
The fact that crypto is seeing
We współpracy z: https://cryptodaily.co.uk/2023/10/crypto-rallies-while-israel-readies-its-offensive
