Mainly affected sectors:
Energy Market (Oil): Crude oil prices (Brent & WTI) are trending higher due to new US sanctions on Iran and targeting of oil tankers.
Safe-Haven Assets (Gold): Gold prices are at record highs due to global volatility and investors are moving to safety.
Crypto Market: $BTC and $ETH TH tend to be safe-haven assets whenever political uncertainty arises, but volatility in the market can be very strong with changes in the value of the US dollar.
Advice for traders:
1. Risk Management: Keep a stop-loss in mind as the market can be volatile. 2. News Tracking: Keep an eye on US sanctions news and Iran's reactions. 3. Stablecoins: Protect your assets by temporarily holding onto stablecoins like USDT or $USDC in times of uncertainty.
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