Recently, the escalating geopolitical tensions in the Middle East have caused quite a bit of 'anxiety' for investors, and the entire cryptocurrency market has also been significantly impacted. The global crypto market cap has shrunk by 4.47%, dropping to $3.18 trillion, with major coins like Bitcoin, Ethereum, and Ripple also suffering declines within 24 hours.
Specifically, Bitcoin's price has fallen below $105,000, with a drop of over 2%; Ethereum followed with a decrease of 2.66%, dropping to $2,522. The worst performer was XRP, which plummeted by over 9%, falling to $2.16, mainly due to market anxiety over heightened volatility and ETF approval delays. Altcoins are also not faring well, with Solana, Cardano, and Dogecoin being dragged down; Cardano dropped by 3.5%, and Dogecoin fell by over 2%. Currently, the market's 'Fear and Greed Index' shows a value of 48, sitting between neutral and cautious, reflecting a complex sentiment among investors.
In short, this wave of turmoil reminds everyone that when investing in the crypto market, one must maintain a stable mindset and not be frightened by short-term fluctuations!
Geopolitical tensions are high, and market pressure is escalating again!
Recently, the situation in the Middle East has intensified—Iran and Israel's 'rivalry' has escalated again. Iran showcased its 'secret weapon'—high ballistic missiles capable of accurately hitting Tel Aviv while bypassing Israel's 'Iron Dome' defense system. Israel is not idle either, having directly bombed Iran's national broadcasting station in an attempt to suppress the opposing narrative.
Over here, U.S. President Trump suddenly flew back to Washington from the G7 summit in Canada, causing the market to erupt with speculation that the U.S. is about to intervene. Trump also posted on social media 'Truth Social', urging everyone to evacuate Tehran, stating that Iran 'better sign an agreement,' implying that military action cannot be ruled out.
Currently, the possibility of direct U.S. involvement in the conflict has soared to 70%, causing Wall Street and the crypto market to become anxious, and the investment atmosphere has suddenly tightened. Friends who are new to this, don’t panic, stay calm, watch the market coolly, and don’t dance to the tune of 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. really intervenes directly, Bitcoin may very likely test the psychological barrier of $100,000 in the coming days. If this 'defense line' is breached, Bitcoin may continue to slide down, landing in the 'retracement area' of $92,000 to $95,000. Crypto veterans have been watching this 'low ground,' believing it could be a temporary breather for Bitcoin.
Speaking of Ethereum, the situation is similar. In the short term, $2,400 is its 'amulet'; if it falls below this, ETH may continue to drop towards $2,200. In simple terms, the market is a bit precarious, so everyone should keep a close watch and stay calm, it's most important to maintain composure!
