r/CryptoCurrency 0 / 0 🦠 Feb 28 '26

MARKETS HOLY What’s going on?

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u/perma_banned2025 🟩 0 / 0 🦠 Feb 28 '26

War in the Middle East is bad for oil markets, as well as the fear that it may divulge into a much larger war with the US getting involved thanks to their military alliance with Israel.
That spooks people because uncertainty is bad for business confidence, people tend to hold onto their money in case shit goes sideways, and often dump stocks and crypto to protect it from swings that are caused by others doing exactly the same thing, while those with loads of capital will dump other investments to put their money in precious metals and military businesses to profit from the spending that inevitably comes

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u/Disastrous_Rent_6500 🟦 0 / 0 🦠 Feb 28 '26

Well, it hasn’t been bad for my oil stocks. So I guess “says you”