2024-08-01 12:00:01
Hi! 👋
Not the best start to the week for the crypto market amid rising tensions in the Middle East. Let’s break down what happened, and whether there’s a chance for a recovery 👇
📉 Middle East news
🔸 Over the weekend, the U.S. struck three nuclear facilities in Iran, significantly escalating tensions in the region.
🔸 Bitcoin reacted negatively, anticipating a closure of the Strait of Hormuz by Iran - a move that could disrupt the global oil market and shake the broader economy.
🌍 Global economic news
🔸 June 24: Canada is set to release its inflation rate report. Experts predict no change in inflation.
🔸 June 26: The U.S. government will publish its Durable Goods Orders report for May. Analysts forecast a 7.2% increase, following a 6.3% decline in April, likely due to tariffs introduced around Liberation Day.
🔓 Altcoin unlocks
🔸 June 26: Gate will release 5.42% of $GT MC
🔸 June 30: Optimism and Kamino will release 1.84% and 10.62% of $OP and $KMNO MCs, respectively
Not the best start to the week for the crypto market amid rising tensions in the Middle East. Let’s break down what happened, and whether there’s a chance for a recovery 👇
📉 Middle East news
🔸 Over the weekend, the U.S. struck three nuclear facilities in Iran, significantly escalating tensions in the region.
🔸 Bitcoin reacted negatively, anticipating a closure of the Strait of Hormuz by Iran - a move that could disrupt the global oil market and shake the broader economy.
🌍 Global economic news
🔸 June 24: Canada is set to release its inflation rate report. Experts predict no change in inflation.
🔸 June 26: The U.S. government will publish its Durable Goods Orders report for May. Analysts forecast a 7.2% increase, following a 6.3% decline in April, likely due to tariffs introduced around Liberation Day.
🔓 Altcoin unlocks
🔸 June 26: Gate will release 5.42% of $GT MC
🔸 June 30: Optimism and Kamino will release 1.84% and 10.62% of $OP and $KMNO MCs, respectively