The cryptocurrency market is faced with pressure today, as increasing geopolitical tensions in the uncertainty of fuel investors in the Middle East. The global market capitalization of cryptography fell 4.47% to 3.18 billions of dollars, with higher assets like Bitcoin, Ethereum and XRP all slipping in the last 24 hours.
Bitcoin is currently negotiated at $ 104,954, down more than 2%, while Ethereum fell to $ 2,522 after a drop of 2.66%. XRP was even harder, plunging more than 9% to $ 2.16 as traders react both to market volatility and delays in its ETF decision. Altcoins like Solana, Cardano and Dogecoin are also under pressure, Cardano sliding 3.5% and Dogecoin lost more than 2%. The Fear & Greed index is now 48.
Geopolitical tensions adding to the pressure
The addition of fuel to the fire is the last escalation of the Iran-Israeli conflict. Reports have confirmed that Iran had presented its hyper-canistic missiles, capable of targeting such Aviv and bypassing Iron Dome of Israel. In response, Israel has bombed the Iranian broadcasting station managed by the state in a daring gesture aimed at silencing propaganda.
Meanwhile, American president Donald Trump suddenly left a G7 summit in Canada to return to Washington, triggering rumors of an imminent American intervention. Trump warned citizens to immediately evacuate Tehran, displaying on Truth Social that Iran “should have signed the agreement” and referred to the possibility of severe military action.
The Polymarket ratings of the United States involvement increased to 70%, which has argued concerns in Wall Street and on cryptographic markets.
Price prediction: could Bitcoin fall to $ 100,000?
If tensions continue to increase and the United States reports direct involvement, Bitcoin could test the level of psychological support of $ 100,000 in future sessions. A break below which could open the door to a clearer drop to the area from $ 92,000 to $ 95,000, a region of traders looked at a possible withdrawal target.
Ethereum can follow suit, with short -term support seen at $ 2,400. If it is broken, ETH could slip more at $ 2,200.
