Does Crypto Finally Gets Some Breathing Room This Year?
This was supposed to be the final year of the bull market but has treated crypto quite badly, not that it was alone in this mess. All risk-on assets had to suffer.
But it's one thing to "suffer" from ATHs like bitcoin or stock indexes, another to be caught in a pretty weak shape, as alts have been. Gold has been doing very well due to the escalation of conflicts, so that was good news for their holders. I guess oil too for a few days, but that's mostly bad news for everyone except the producers who can sell at the higher prices, even if some investors may have speculated on its rising price.
There wasn't all bad news for crypto this year... But other than the SEC turning 180 on pretty much everything in crypto, the very good news that caught attention mostly revolved around bitcoin and stablecoins. And a few meme coins, but that trend kind of died out (which is a good thing).
If there have been good news about the rest of the market (and there surely have been some), they got mostly overshadowed by the two major domains of interest into bitcoin and stablecoins. Thus probably the state of the alts at this time.
Hopefully, alts will have a better second half of the year than the first half. Bitcoin already had a good first half and is not far from its ATH reached in May. But I wouldn't bet everything on alts. Not this time, even if there will be an alt season. The focus is too much on bitcoin and stablecoins.
Bitcoin dominance chart.
Ceasefire in the Middle East?
So... it seems we might have ceasefire between Israel and Iran. But we know these things are volatile...
I also find it interesting how the whole US-Iran thing went down, if we were to trust the official reveals, that make Trump and the US military action look good. They say Iran got warning about the imminent US attacks on their nuclear facilities, and they had time to move their enriched nuclear material and most people out. The US satellites saw the convoy of trucks coming out of Fordo (I even saw an image with what they say was the convoy). If this was the plan, it was smart - it avoided any potential nuclear fallout.
Then the US strikes came, and they could show off their bunker buster bombs for the first time. A warning to others potentially. If the photos weren't tampered with, it looks like they achieved their objectives: to destroy some of Iran's nuclear facilities buried in deep mountain, and to demonstrate the power of these bombs. Was that the only option or the right thing to do? It's beyond me.
In the end, for public consumption and to appease the desire of revenge from the Iran's side, looks like (we will probably never know if that's true) the two sides agreed Iran should fire some missiles on a US military base in Qatar, from which apparently one was intentionally allowed to go through. No one was on base since there was prior warning.
Wars are live on TV at least since the one in Irak, and a good plot seems even more necessary in modern times than the military action itself, however successful (or not) it may be. The wars the US carried out didn't end up too well. And not only them - Russia had its shares of unwinnable wars too.
Hopefully, there will be peace.
Posted Using INLEO
Physical and digital assets sure do have their time to shine. Gold will always go up because there will always be war and unrest, and it's a no-brainer to always own assets like this. But will the world through face a "wipe out" type of war to actually make precious stones permanently skyrocket?
They don't seem to need that kind of war to go up for a very long time already.
That Iran retaliation was such a clown show, warn everyone, throw bad missiles, claim you retaliated just not to lose face in your home country
Not like us was much better, a few bombs that achieved nothing since Iran moved out everything couple days before...
If the ceasefire lasts, the real winner here is Iran, they forced Israel to stop attacking, they had no real damage to the nuclear program... The attack will just make them accelerate to get nuclear weapons, at this point no one can touch them and you will have a theocracy having nukes
If we were to believe what is being told publicly... I think that warning before the attack was a smart move or there would have been a great risk of nuclear contamination if Iran wouldn't have moved their uranium. From my understanding, damaging their nuclear installations throws them back a few years, but surely it doesn't stop the process if the same regime with the same intentions continues in power.
Ceasefire is only a step. If peace conditions don't deter Iran from pursuing an aggressive stance, things will likely escalate again in the future, one way or another.
The thing is, they can keep going in secret, it's not like everyone has access to all their structures, and when get the bomb it's gg... You don't enrich uranium to 60% for civilian purposes
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