Bitcoin Falls Below $103K – Is a Major Crypto Crash Ahead?
Tensions are rising across the globe, especially between Israel and Iran, and its direct impact is now visible in the financial markets — including crypto.
In the past 24 hours, Bitcoin dropped sharply to $104,308, showing signs of volatility triggered by growing geopolitical uncertainty. As of writing this article, Bitcoin has slightly recovered to $105,500, while Ethereum trades at $2,541 and XRP at $2.16.
Why Geopolitical Tensions Impact Crypto?
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Bitcoin |
Historically, global conflicts affect risk-based assets like stocks and crypto. With Israel and Iran at the center of global attention, markets are reacting with fear and speculation.
- If war escalates, crypto may crash further in the short term.
- But long-term investors believe digital assets will rise again due to their decentralized nature.
What About Altcoins?
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Altcoin ETH XRP TRX |
After the Bitcoin Halving on April 20, 2024, the market was expected to recover — and it did briefly. On April 16, Bitcoin hit $85,427 and then peaked at $88,459 on April 21.
Current Market Stats:
- Bitcoin Dominance: 64%
- Bitcoin Market Cap: $2.09 Trillion
- Total Crypto Market Cap: $3.4 Trillion
This means: Until we see fresh investment and volume in altcoins like ETH, XRP, ADA, and SOL, the Altcoin Season may remain delayed.
Conclusion: What’s Next for Crypto?
The future depends on:
- Geopolitical stability
- Institutional investment
- Public sentiment
If the Israel-Iran conflict worsens, a bigger crash is possible — but it may also create long-term buying opportunities.
📌 Disclaimer:
This article is for informational purposes only. It is not financial advice. Always do your own research before investing.
📣 What Do You Think?
How do you see the current market situation? Will Bitcoin recover soon or is a deeper crash coming? Share your thoughts in the comments below!
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