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Guavy AI Editorial Team••Sentiment: -3•Clout: 82

Tensions Send Crypto Markets into Bearish Territory

BTCJUP

Crypto market sentiment has grown heavy amid renewed tensions between the US and Iran, leading to losses for Bitcoin and other assets. The price of Bitcoin slipped below $62,000 on Thursday, extending its decline for the third consecutive day.

Jupiter (JUP) and Pi Network (PI) are among the biggest losers over the last 24 hours, with Jupiter dropping by around 10% from the previous day.

The CoinMarketCap Crypto Fear and Greed Index has fallen to 26, indicating a significant increase in risk-off sentiment. Bitcoin remains below its 50-day Exponential Moving Average (EMA) at $65,412 and the 200-day EMA at $75,821.