Middle East Tensions Shake Bitcoin đ
Global markets are on high alert as geopolitical tensions between Iran and Israel escalate, sending shockwaves through the financial landscape. This uncertainty has disrupted investor confidence and led to a dip in Bitcoin, which has seen a 7-day trading range between $60,047 and $66,304. The flagship cryptocurrency, often viewed as a risky asset, is experiencing heightened volatility as traders navigate the uncertain environment.
Reflecting this shift in sentiment, the Crypto Fear & Greed Index has fallen sharply from a "Greed" level of 64 just a week ago to "Fear" at 41. The index, which measures market psychology, highlights the growing anxiety among investors as they brace for potential spillover effects from the conflict. With market participants turning cautious, the broader crypto market is showing signs of weakness, raising concerns about further instability if tensions continue to escalate.
