🇱🇷🇮🇷🇮🇶 Geopolitical Tensions are currently Impacting Cryptocurrencies. Escalating risks in the Middle East, particularly around Iran and the Strait of Hormuz (including recent live-fire missile drills), are contributing to a "risk-off" mood. This has led to Bitcoin dipping amid broader volatility, as investors shift toward traditional safe-havens like gold and the US dollar. Such events historically cause short-term liquidity squeezes in crypto, though Bitcoin often later positions itself as "digital gold" in prolonged uncertainty. US-Iran talks and potential escalation are being closely watched, with some forecasts warning of further downside if conflicts intensify.