Geopolitical Shockwaves: Altcoins Bleed as US-Iran Conflict Escalates

Markets recoil as risk assets take a hit—crypto isn't immune to old-school geopolitics.

Red dominates altcoin charts after US strikes ignite Middle East tensions. Traders scramble as safe-haven flows leave crypto out in the cold.

When the bombs drop, even decentralized assets can't escape centralized power plays. Bitcoin's 'digital gold' narrative gets its first real stress test since the 2022 bear market.

Funny how quickly 'uncorrelated assets' correlate when real bullets start flying. Meanwhile, traditional finance vultures circle—some hedge funds reportedly shorting the dip while retail panics.

Another reminder: in global macro, crypto still wears water wings. But hey—at least the blockchain keeps perfect score of your losses.

While Bitcoin still holds above $102,500, indicators suggest it could potentially fall below the $100,000 psychological level if further escalations are reported over the weekend.

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Previously, BeInCrypto analysts projected that Bitcoin price could drop 10% if the US entered the Iran-Israel war. 

As of now, the market will be cautiously looking at Iran’s response. President Trump has stated that any response from Iran WOULD result in further US actions.

Overall, crypto liquidations exceeded $670 million today, and further escalation could very well signal a short-term bearish cycle.