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#MarketPullback $BTC