Cryptocurrency Market Volatility Continues Amid US-Iran Conflict

The cryptocurrency market is experiencing significant fluctuations due to the ongoing conflict between the US and Iran. This has led to a decline in prices across various cryptocurrencies.

Pi Network (PI) has been particularly affected, with its price hovering below $0.1700 as it attempts to recover from a 2% loss the previous day. The Pi Foundation's decision to offload nearly 49 million PI tokens has put pressure on the supply, capping the four-day recovery.

Bitcoin (BTC) is also under pressure near the key support level of $65,700, with a breakdown below this critical level suggesting a deeper correction ahead. The escalating military aggression in the Middle East continues to weigh on risk assets, including Ethereum and Ripple.