Crypto market gains from war
The crypto market has made exponential gains since the beginning of the Israel – Hamas war 1 month ago.
The Hamas-led attack began in the morning of October 7th, as Hamas terrorists in Gaza launched a barrage of over 5,000 rockets against Israeli cities and kibbutzim while some 3,000 Hamas terrorists breached the Gaza–Israel barrier. Over 1,000 Israeli civilians were killed in more than a dozen massacres, including the Re'im music festival massacre, and military bases were attacked. Over 200 civilians and Israeli soldiers were captured or abducted and taken to the Gaza Strip.
Israel declared a state of war on October 8th and its response to the attack has seen the most significant military escalation in the region since the Yom Kippur War. The current hostilities constitute the fifth war of the Gaza–Israel conflict, which is part of the broader Israeli–Hamas conflict. In 2023, before the offensive started, an uptick in Israeli–Hamas violence saw at least 247 Palestinians, 32 Israelis, and two foreigners killed. According to the Hamas-run Gaza Health Ministry, as of November 6th, over 10,000 Palestinians had been killed.
This is a very sad reason for the cryptocurrency market to be going up, but it is true. I will be looking to short the crypto market the week of Thanksgiving / black Friday.
1 month gains:
BTC = +37%
ETH = +16%
AAVE = +61%
SOL = +134%
ADA = +50%
DOGE = + 23%
LINK = +88%
MATIC = +57%
The Hamas-led attack began in the morning of October 7th, as Hamas terrorists in Gaza launched a barrage of over 5,000 rockets against Israeli cities and kibbutzim while some 3,000 Hamas terrorists breached the Gaza–Israel barrier. Over 1,000 Israeli civilians were killed in more than a dozen massacres, including the Re'im music festival massacre, and military bases were attacked. Over 200 civilians and Israeli soldiers were captured or abducted and taken to the Gaza Strip.
Israel declared a state of war on October 8th and its response to the attack has seen the most significant military escalation in the region since the Yom Kippur War. The current hostilities constitute the fifth war of the Gaza–Israel conflict, which is part of the broader Israeli–Hamas conflict. In 2023, before the offensive started, an uptick in Israeli–Hamas violence saw at least 247 Palestinians, 32 Israelis, and two foreigners killed. According to the Hamas-run Gaza Health Ministry, as of November 6th, over 10,000 Palestinians had been killed.
This is a very sad reason for the cryptocurrency market to be going up, but it is true. I will be looking to short the crypto market the week of Thanksgiving / black Friday.
1 month gains:
BTC = +37%
ETH = +16%
AAVE = +61%
SOL = +134%
ADA = +50%
DOGE = + 23%
LINK = +88%
MATIC = +57%
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