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Iran attack on UAE spikes oil prices above $105, impacting crypto sentiment

Iran attack on UAE spikes oil prices above $105, impacting crypto sentiment

## Market Snapshot

Bitcoin price markets for May 6 and May 7 currently show a 99.6% and 99.8% probability of being above $66,000, respectively, despite a slight decrease from previous levels. Ethereum markets for May 5 indicate a 99.9% probability of being above $1,800.

## Key Takeaways

– The geopolitical tensions following the Iranian attack on the UAE appear to be consistent with increased risk aversion in crypto markets. – Bitcoin’s likelihood of staying above $66,000 on May 6 and May 7 has slightly decreased, suggesting a potential shift in market sentiment. – Ethereum’s probability of being above $1,800 on May 5 remains high, indicating resilience despite broader market concerns.

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