March 22 Crypto Market

The morning selloff was driven by Trump's threats toward Iran, but currently the rebound momentum is quite strong and worth catching. Gold, US stocks, and the US dollar index are all pulling back from highs, which has benefited crypto liquidity, with prices still above the levels during the Iran war on February 28. The morning decline occurred because major asset markets are closed on weekends, so the crypto market alone absorbed Trump's Iran threats, which I think somewhat amplified the fear. If the strait opens, it would be an absolute positive; even if it doesn't, it would only mean continued airstrikes without escalating to ground warfare.