Risk-Off Sentiment: Geopolitical shocks drive investors to safe-havens (gold, USD), reducing demand for volatile assets like crypto. A stronger USD (up vs. EUR, GBP) suppresses dollar-denominated crypto prices.
Oil Price Surge: Rising oil prices increase inflation expectations, potentially limiting Fed rate cuts, which hurts speculative assets like $WCT .
Liquidations: Leverage-heavy crypto markets amplify sell-offs, with $1.2B in liquidations on June 13. Altcoins like $WCT face higher losses due to lower liquidity.
Geopolitical Cyber Risks: The Nobitex hack shows crypto exchanges as targets in state-level conflicts, raising security concerns for altcoin ecosystems.
Market Psychology: Fear of escalation (e.g., Strait of Hormuz closure) triggers panic selling, though Bitcoin’s resilience above $100,000 suggests maturing market dynamics.