Key research for the Recent Crash
Multiple overlapping factors are driving this downturn, based on current market reports:
Geopolitical Tensions — Escalating risks in the Middle East (e.g., incidents like an explosion at Iran's Bandar Abbas port, U.S.-Iran tensions, and related threats) have pushed investors away from high-risk assets like crypto. These events increase global uncertainty and trigger flight to safety.
U.S. Political and Macro Uncertainty — A brief U.S. government shutdown (due to Congress missing budget deadlines) added to instability. Combined with expectations around Federal Reserve policy (e.g., a potentially hawkish stance or uncertainty over the next Fed chair nominee), this has hurt risk appetite. Bitcoin is increasingly behaving like a high-beta tech/risk asset rather than a safe haven.