Bitcoin has slipped 3.8% in value over the past 24 hours, trading below $104,000 once again, amid escalating threats from U.S. President Donald Trump regarding Iran. As the CoinDesk 20, which tracks leading cryptocurrencies, also showed a decline of 6.1%, Ether and Solana experienced drops of 7%, while Sui plummeted nearly 10%. The downturn is attributed to Trump's warning that the U.S. is prepared to intervene in the conflicts surrounding Iran's Supreme Leader, Ali Khamenei. With military risks in play, major cryptos and crypto stocks, including Coinbase and Riot Platforms, saw similar declines, reflecting investor anxiety. Trump has urged Iran to surrender and has influenced market sentiment through his remarks on social media. According to Javier Rodriguez-Alarcón, Chief Investment Officer at XBTO, the ongoing conflict adds a significant risk factor, pushing investors away from risk-based assets like crypto. Matteo Greco, an analyst at Finequia, warned that a potential military action could drive oil prices up, resulting in renewed inflation pressures in the U.S. economy.
Bitcoin Dips as Geopolitical Tensions Rise Over Iran
Amid rising tensions in the Middle East, Bitcoin falls below $104,000 as fears of U.S. military action against Iran increase.
Jamie Bennett
Crypto Analyst
4 min read
37,331
Analysis
Market Sentiment
Bearish
Neutral
Bullish
News Impact
8/10
Credibility: 9/10
Trading Recommendation
BTC
BTC
SELL
Entry Price
$0
Confidence
20%
Stop Loss
$100000
Take Profit
$100500 - $101000
Due to the significant geopolitical risks, I am not initiating a buy. Instead, I set a stop loss and take profit for potential future short opportunities.
