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Israeli intelligence warns about a possible imminent Iranian strike.
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Financial Markets Prepare for Volatility; Bitcoin Could Drop to $38K
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The geopolitical tension will likely impact global commodities including oil prices.
Recent Israeli intelligence reports indicate that Iran could be planning to attack Israel in the next few days, raising fears about a possible escalation of conflict in the Middle East. Israeli Defense Minister Yoav Galant has stated that Iran is planning an attack against Israel, possibly in coordination with Hamas.
Gallant, who visited the defense forces on Sunday to warn them that Iran was threatening unprecedented actions, urged readiness and expressed hope that war could be avoided. Axios reported:
Iran and Hezbollah threaten to harm us like they never have before. I hope they will reconsider and not cause war to break out on new fronts. We don’t want this but we have to be prepared .”
The increased tension in the Middle East has already prompted reactions on global financial markets. Analysts are closely watching the situation as expected, especially its potential impact on commodities such as gold, oil and cryptocurrencies like Bitcoin (BTC).
One financial analyst on X predicted that a conflict would drive Bitcoin’s price to a new low. It could even push it down to $38,000.
According to intelligence reports, the Middle East War should begin tomorrow or sometime tonight. This would send Bitcoin to 38K (now at 60K) and Gold to 2700. The analyst said that Oil should return to above 85 ,”.
Bitcoin recently dropped below $60,000 and further geopolitical instabilities could increase its volatility. BTC’s price dropped 1.45% between its early-hours of $60,520 and $59,640 as of press time.
Gold, which is often seen as a safe haven in times of crisis, could also see its price reach an all-time record of $2,700, if the conflict escalates. Oil prices, which were volatile in recent months could also rise above $85 per barrel in response to regional disruptions.
Investors and markets prepare for possible fluctuations as the situation develops. The tensions will likely have a major impact on global economic trends.
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