During the Iran Attack Weekend, Cryptocurrency Markets Became 'The Only Market'

As Markets Closed, Cryptocurrencies Filled the Void

On February 28, in the early hours following the Iran attack, Matt Hougan, CIO of the US cryptocurrency asset management firm Bitwise, published a memo titled 'The Weekend That Changed Finance', detailing the role cryptocurrency markets played during this critical juncture.

President Trump announced the attack at 2:30 AM Eastern Time, a period when US stock and futures markets, major foreign exchange markets, and European and Asian markets were all closed. Traditionally, ...