Gate Cryptocurrency News and Market Analysis

President Trump issues a "tremendous" warning about U.S.-Israel military actions, causing extreme volatility in global markets: gold and silver are being sold off massively, while Bitcoin and Ethereum are rising against the trend, with the crypto market cap increasing by approximately $100 billion. Trump's remarks indicate that larger military actions may be forthcoming, and market volatility is unlikely to subside in the short term.

After the United States and Israel launched airstrikes on Iran, the assets withdrawal volume of Iran's largest cryptocurrency exchange Nobitex surged by 700%, with the highest single-hour outflow approaching $3 million. However, due to strict internet blockades, the outflow quickly declined. Two major forensic agencies have differing opinions on the reason for the capital outflow: Elliptic considers it a sign of capital flight, while TRM Labs believes it is a blockade effect causing market activity to stagnate. The Iranian public has long relied on cryptocurrencies to cope with financial sanctions and banking system crises.

Bitcoin has recently surged significantly, breaking through $70,000, mainly due to over $1 billion in institutional funds flowing back into cryptocurrency ETFs, ending five weeks of outflows, and successfully breaking through the downward trend line. Additionally, the Iran conflict has boosted inflation expectations, enhancing Bitcoin's appeal in an inflationary environment, leading to a rebound in market bullish sentiment.