Crypto whales are loading — are you there?
New research shows that the biggest crypto buyers are coming back. And this time? It may be possible for Bitcoin to exceed $100,000 in 2024. You don’t want to miss out on the next big crypto bull run like we saw in 2020 and 2021. To find out exactly what’s going on and what to buy…visit Benzinga. Best cryptocurrency research and investment for just $1.
Stock market futures took a hit on Thursday amid renewed tensions between Israel and Iran. Oil prices rose more than 3% and gold also rose on concerns. Reports of explosions in Iran, Syria and Iraq increased uncertainty following Israeli military operations.
what happened: Dow Jones Industrial Average futures fell 430 points, or 1.15%. S&P 500 futures also fell nearly 1.34%, while Nasdaq 100 futures fell 1.62%, according to data from Benzinga Pro.
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Oil prices also rose more than 3% in morning trading in Asia, with global benchmark Brent crude oil futures trading above $90 per barrel.
Concerns about rising tensions between Israel and Iran have pushed gold prices above $2,400 an ounce, increasing demand for the safe-haven asset.
According to Bloomberg, unconfirmed media reports about explosions in Iran, Syria and Iraq led the bullion market to rise as much as 1.3%, marking its fifth straight week of gains.
Asian markets fell sharply on Friday due to escalating tensions between Israel and Iran. The Nikkei 225 experienced a significant decline, dropping 2.61% to trade at 37,085.40, while the Hang Seng Index also fell, dropping 1.27% to trade at 16,177.25. India’s Nifty 50 opened 0.83% lower at 21,813.20, reflecting cautious investor sentiment.
SEE ALSO: Bitcoin Analyst Predicts ‘Quite Chance’ Price Jumps As Hype Disappears: ‘The Narrative Will Change’
why is it important: The new conflict between Israel and Iran comes in the wake of a series of alleged retaliatory attacks by Israel against Iran, Syria and Iraq. The escalation follows an Iranian missile attack on Israel, seen as retaliation for Israel’s events in Syria.
The United States responded to the April 13 attack on Israel by increasing economic pressure on Iran and imposing new sanctions on a network of individuals and organizations involved in developing Iran’s unmanned aerial vehicle (UAV) capabilities. The drones were reportedly used in the attack, which was linked to an affiliate of Iran’s Islamic Revolutionary Guards Corps Quds Force (IRGC-QF).
Under these circumstances, stock markets remain volatile as investors are concerned about the possibility of an escalation in the situation in the Middle East, where a significant portion of the world’s oil is produced. Oil prices are of particular concern, with experts warning that if oil prices remain above $100 a barrel, it could increase the likelihood of a U.S. recession.
Read next: S&P 500, Nasdaq futures open higher today: What’s going on?
This content was created in part by Benzinga Neuro, and reviewed and published by Benzinga editors.
Crypto whales are loading — are you there?
New research shows that the biggest crypto buyers are coming back. And this time? It may be possible for Bitcoin to exceed $100,000 in 2024. You don’t want to miss out on the next big crypto bull run like we saw in 2020 and 2021. To find out exactly what’s going on and what to buy…visit Benzinga. Best cryptocurrency research and investment for just $1.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
