Morning Bulletin - 20.05.2024

The death of Iranian President Ibrahim Reisi and Foreign Minister Hossein Amir Abdullahiyan in a helicopter crash yesterday has been at the center of the world agenda overnight. While the effects of the incident have started to be seen in the market, today's activity is eagerly awaited.

Ounce gold and silver, which have gained value rapidly in recent days, continued to rise after the news of the accident. Ounce of silver, which exceeded 30 dollars for the first time in 11 years last week, exceeded 32 dollars in the night hours. Ounce of gold, on the other hand, continued to rise, reaching an all-time high of 2440 dollars.

Unlike gold and silver, the news of the accident caused a decline in Bitcoin in the first place. Bitcoin, the largest cryptocurrency, fell from 67 thousand dollars to 66 thousand dollars as the news spread. However, it recovered again in the morning hours and rose above 67 thousand dollars.

At the time of writing, Bitcoin (BTC) is trading at $67,116 and Ethereum (ETH) is trading at $3,127.

The fear and greed index is neutral at “60”.

Important developments for the day:

Zilliqa (ZIL): V9.3.4 network update will take place.

Moonbeam (GLMR): A new phase called Moonrise will be launched.