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Simply put: The Middle East situation is about to blow up recently, which is a short-term positive for Bitcoin and Ethereum, but don't get carried away chasing highs!
The US will lift Iran's sanctions exemptions on April 19th, and Iran's oil reserves can only last for about 16 days. Once exports are blocked, global energy markets will definitely tighten. At this time, people will panic and seek safe havens like gold and Bitcoin, and our Bitcoin and Ethereum can also benefit from this wave of rising prices.
The crypto market fears rapid rises and falls the most. With US interest rates still high, funds may not be willing to stay in the crypto space long-term. If the US and Iran reach an agreement, capital will immediately flow out, and prices will fall back down.
Everyone should buckle up and avoid being thrown off by the rollercoaster ride of the market! $GT $BTC