Iran just sent drones at Israel, currently en route, so multiple countries in the region are closing airspace, announcing states of emergency, preparing airspace defense systems, etc.
Most financial markets are closed, so crypto is basically the only place with liquidity for the market to express its view on whether this will result in serious damage and geopolitical escalation.
Bitcoin sharply down from $66k to $62k on the headlines, most other cryptos down more.
Paxos Gold (a gold-backed stablecoin) had a huge spike from $2400 to $3000 but it is coming down now. Leveraged liquidations can distort the initial magnitude here.
Sulaman / Sulaman Shah
npub18n…jtknq
2024-04-13 23:31:36
Author Public Key
npub18nqf9y0j5jr27pt7k9rsk8vzsf54p55zq5lmj462xrxa87dtmyvqejtknqPublished at
2024-04-13 23:31:36Event JSON
{
"id": "0bc91c6247a99a400867f59d2468f17ad46566dfd030c30bd3e5739abd888279",
"pubkey": "3cc09291f2a486af057eb1470b1d82826950d282053fb9574a30cdd3f9abd918",
"created_at": 1713051096,
"kind": 1,
"tags": [],
"content": "Iran just sent drones at Israel, currently en route, so multiple countries in the region are closing airspace, announcing states of emergency, preparing airspace defense systems, etc.\nMost financial markets are closed, so crypto is basically the only place with liquidity for the market to express its view on whether this will result in serious damage and geopolitical escalation.\nBitcoin sharply down from $66k to $62k on the headlines, most other cryptos down more.\nPaxos Gold (a gold-backed stablecoin) had a huge spike from $2400 to $3000 but it is coming down now. Leveraged liquidations can distort the initial magnitude here.",
"sig": "dad2ed3dac0fecfded4f55038a5cddc9439c628e32442d7c8d0120a554818d779a24937b41c451724bcd6f41ec022afe71029b5a711e7d7a45ed0d7cf4c7e8c7"
}