The cryptocurrency market faces pressure today, as the increasing geopolitical tensions in the uncertainty in the Middle East. The ceiling of the Crypto Global market has decreased by 4.47 % to $ 3.18 trillion, with the origins of the best assets such as Bitcoin, Ethereum and XRP all in the past 24 hours.
Bitcoin is currently trading at 104,954 dollars, a decrease of more than 2 %, while ETHEREUM has decreased to $ 2522 after a decrease of 2.66 %. XRP was hit more difficult, as more than 9 % decreased to $ 2.16, with traders interacting with market fluctuations and delay in ETF decision. Altcoins like Solana, Cardano and Dogecoin are also under pressure, with Cardano sliding by 3.5 % and dogcoin skewed over 2 %. Fear and greed indicator now stands at 48.
Geopolitical tension in addition to pressure
The addition of fuel to the fire is another escalation in Iran and Israel’s conflict. Reports confirmed that Iran has offered its super -minded missiles, capable of targeting Tel Aviv and bypassing the Iron Dome of Israel. In response, Israel bombed the state -run Iranian broadcasting station in a bold move aimed at silencing advertising.
Meanwhile, US President Donald Trump suddenly left the 7 Group Summit in Canada to return to Washington, which raised rumors of imminent American interference. Trump warned the citizens of Tehran immediately evacuating, and published on the social truth that Iran “should have signed the deal” and hinted at the possibility of severe military action.
The possibilities of polymers from the participation of the United States increased to 70 %, which raised fears in Wall Street and in the encryption markets alike.
Prick prediction: Can Bitcoin decrease to $ 100,000?
If tensions continue to rise and the US direct participation signals, Bitcoin can test the level of psychological support at a value of $ 100,000 in the upcoming sessions. A break below can open the door due to a more clear decrease towards the area 92000 – 95,000 dollars, the region’s traders were looking for a possible withdrawal goal.
Ethereum may follow his example, with short -term support seen at $ 2400. If broken, ETH can slip to $ 2,200.
