The recent surge in US-Iran tensions has sent shockwaves through the crypto market, causing Bitcoin's price to drop below $75,000.
The situation is volatile, and investors are increasingly reacting to geopolitical headlines rather than internal market signals. This shift in sentiment has led to a sharp decline in Bitcoin's value, wiping out all gains made over the weekend.
The Fear & Greed Index has risen to 29, indicating that while panic is easing, the market remains firmly in 'fear' territory. Analysts predict that the uncertainty surrounding the situation will lead to heightened volatility in the near term, making it a challenging time for investors.