$BTC

Bitcoin dropped 4% to below $104,000 with further volatility pushing Ethereum down 5.1% to $2,400

• Investors shifting to traditional safe havens as geopolitical tensions escalate

• Crypto-linked stocks facing significant pressure amid broader risk-off sentiment

Key Drivers

• Iran's use of cryptocurrencies for sanctions evasion increasing regulatory scrutiny

• Trading algorithms recalibrating risk parameters, amplifying market swings

• Geopolitical Impact analysis shows divided trader perspectives

Trading Implications

• Short-term volatility creating strategic opportunities despite liquidity constraints

• Monitor for potential shift back to crypto if fiat instability increases

• Consider hedging positions with stablecoins while maintaining exposure to sanction-resistant assets