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The crypto market may have already absorbed the negative impact of the Israel-Iran conflict, and the fear and greed index remains in the "Greed" range.
BlockBeats News: On June 15, despite the escalation of the conflict between Israel and Iran, the cryptocurrency market sentiment index “Fear and Greed Index” remained in the “greed” range. The index, which showed 60 in Sunday’s update, remained in the “greedy” zone, with Bitcoin falling 2.8% to $103,000 on Friday. The drop came after an explosion was heard in Tehran at 22:50 UTC on Thursday, with Israel claiming responsibility for the attack. Iran reportedly retaliated with “dozens of ballistic missiles” on Friday night. On Thursday, the index had a “greed” rating of 71. Despite the geopolitical tensions, market participants noted that bitcoin showed relative strength. Crypto analyst Za posted on Saturday that “Bitcoin doesn’t seem to care about the conflict between Israel and Iran at the moment (at least for now).” He added: “There is no better indicator of market sentiment than Bitcoin, which I think is very noteworthy.” Crypto entrepreneur Anthony Pompliano said in a post on the day: “Bitcoin is tireless.” Traders seem to remain confident that Bitcoin will remain above the psychological threshold of $100,000. The price was recaptured for the first time since May 8. A break below this level could put more than $1.74 billion of long positions at risk of liquidation.