Market Pulse: US–Iran Conflict Sends Ripples Across Crypto 🔥📉
Bitcoin (BTC) is trading around $88,519 and Ethereum (ETH) sits near $2,939 as risk assets remain under pressure amid heightened US–Iran tensions (data current from live market). Bitcoin has failed to act as a geopolitical safe haven, instead trending with broader risk-off sentiment. Historically, direct US strikes on Iranian targets pushed BTC below key support levels near $102,000 and triggered sharp altcoin selloffs with ETH down double digits at times during crisis peaks.
Investors rotated into traditional safe havens like gold, while crypto markets saw liquidation cascades and elevated volatility as traders priced in escalation risk. Meanwhile, blockchain activity in Iran spiked, highlighting crypto’s role where traditional finance falters.
Short-term traders should brace for continued swings, correlated with headlines, oil prices, and macro risk sentiment. 📊💥
