🔥🔥🚀🛑Iran launched missiles in retaliation against Israel, markets fall down🔥🔥⭕️🚀

-$BTC has fallen for three consecutive days due to market panic caused by the Iran-Israel conflict. Yesterday, it fell to around $60,000. The market may have significant fluctuations. Please be aware of the risks.

-$ETH has fallen for 4 consecutive days, with a 24-hour drop of 5.48%. Compared with BTC, it has fallen into a weak trend again. The issuance of Eigenlayer (EIGEN) seems to have failed to open up more imagination space for the Ethereum ecosystem. With the lackluster fundamentals, the market is more interested in competitors such as SOL and SUI.

-As Bitcoin’s decline widened yesterday, altcoins experienced a general decline. A series of popular TON blockchain game MEME tokens listed recently fell sharply.

The current market environment is complex and volatile. The uncertainty of the extent of the Fed’s interest rate cuts and unexpected events are disturbing the market.

On this Monday, Federal Reserve Chairman Powell’s hawkish remarks lowered market expectations for a 50 basis point rate cut in November, causing short-term volatility in the U.S. stock market. However, in the end, the three major indexes still closed slightly higher, and the overall performance in September was strong. The Dow Jones Industrial Average and the S&P 500 both hit new closing highs and achieved five consecutive monthly increases.

Although there is debate in the short term about the extent of the Fed’s interest rate cuts, in the long run, it has become a market consensus that the Fed has a lot of room for interest rate cuts, which will be beneficial to long-term liquidity easing for global stock markets and crypto markets.

However, last night Iran launched a missile attack on Israel in military retaliation, and short-term panic quickly had a price impact on the US stock and crypto markets, causing the market to fall. From historical experience, conflicts in the Middle East often lead to a fall in asset prices such as the crypto market.