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#Lantern Festival Moon Viewing and Red Envelope Giveaway
Trump's "costly" tough stance caused the Dow to plummet nearly 1,300 points intraday, followed by a statement to stabilize the market which narrowed the decline, but the market remains volatile. Iran claims full control of the Strait of Hormuz, with several oil tankers attacked; Japanese and South Korean stock markets fell over 6%, triggering circuit breakers. In contrast, the crypto market remains relatively stable, with Bitcoin at $68,151 and Ethereum at $1,981.
Amidst intense volatility in global traditional markets, cryptocurrencies have shown some resilience. Do you think this round of geopolitical risks will continue to suppress the market or will it instead drive capital into the crypto space?