March 22 Crypto Market

The morning sharp decline was driven by Trump's threats toward Iran, but the rebound momentum currently looks decent—we can attempt to trade the bounce. Currently, gold, US stocks, and the US dollar index are all pulling back from their highs, and crypto has benefited from the liquidity flow. Prices remain above the levels from February 28 during the Iran conflict. The morning's decline occurred because major asset markets were closed over the weekend, so the crypto market alone bore the brunt of Trump's Iran threats. I personally think the fear was somewhat amplified. If the strait remains open, it's an absolute positive. Even if it doesn't open, it's just continued airstrikes without escalating to expanded ground warfare.