Recently, the escalating geopolitical tensions in the Middle East have caused considerable anxiety for investors, significantly impacting the entire cryptocurrency market. The global crypto market cap has plummeted by 4.47%, falling to $3.18 trillion, with mainstream coins like Bitcoin, Ethereum, and XRP all suffering declines within 24 hours.
Specifically, Bitcoin's price has fallen below $105,000, with a decline of more than 2%; Ethereum has also dropped by 2.66%, down to $2,522. The worst performer is XRP, which plummeted over 9%, dropping to $2.16, mainly due to the market’s anxiety over increased volatility and delayed ETF approvals. The altcoin camp also has no good news, with Solana, Cardano, and Dogecoin all being dragged down, with Cardano dropping by 3.5% and Dogecoin dropping by over 2%. Currently, the market's "Fear and Greed Index" shows 48, hovering between neutral and cautious, reflecting a complicated mood among investors.
In short, this wave of turmoil reminds everyone that when investing in the crypto market, one must maintain a steady mindset and not be frightened by short-term fluctuations!
Geopolitical tensions are thickening, and market pressure is escalating!
Recently, the situation in the Middle East has been aggravated—Iran and Israel's antagonistic drama has escalated once again. Iran has showcased its "secret weapon"—a high-trajectory missile capable of accurately hitting Tel Aviv while bypassing Israel’s "Iron Dome" defense system. Israel has also been busy, directly bombing Iran's national broadcasting station in an attempt to suppress the opposing side's propaganda.
Here, U.S. President Trump suddenly flew back to Washington from the G7 summit in Canada, causing the market to go into a frenzy, with everyone speculating that the U.S. is about to intervene. Trump also took to social media, stating that everyone should evacuate Tehran quickly, bluntly saying that Iran "better sign a deal," hinting that military action is not off the table.
Currently, the likelihood of direct U.S. involvement in the conflict has surged to 70%, causing both Wall Street and the crypto market to become tense, and the investment atmosphere has instantly tightened. New investors, at times like this, don’t panic, stay calm, watch the market trends, and don’t dance to the news!
Will Bitcoin drop to $100,000? What will the price trend look like?
If the tensions in the Middle East continue to escalate and the U.S. actually intervenes directly, Bitcoin may test the psychological barrier of $100,000 in the coming days. If this "defense line" is breached, Bitcoin could continue to slide down to the "retracement zone" of $92,000 to $95,000. Seasoned investors in the crypto space have been keeping an eye on this "low ground," believing it could be a temporary respite for Bitcoin.
Speaking of Ethereum, the situation is similar. In the short term, $2,400 is its "amulet"; if it falls below that, ETH may continue to decline towards $2,200. Simply put, the market is somewhat precarious, so everyone should keep a close watch, don’t be scared, and maintaining stability is the most important thing!
