📉 Crypto market in red due to international tensions
The crypto market turned red again this Tuesday, June 18th. The main currencies are experiencing declines or sideways movements, and geopolitical fear is once again the main focus.
All of this is happening as tensions rise in the Middle East, especially between Iran and Israel. This creates uncertainty in traditional markets and also in the crypto world. In this context, many investors prefer to stay in cash or move to safe havens like the dollar or bonds.
Bitcoin is trading around USD 104,200, showing little movement but lacking the strength to break resistances.
Ethereum, for its part, is hovering around USD 2,490, after reaching an intraday peak of 2,542.
What's the reason? Capital is waiting. There is fear, there is caution, and there is political noise.
For now, the market is moving more by emotions than by fundamentals.