Iran Tensions Weaken Crypto Market, Stellar (XLM) Struggles at Critical Support

The cryptocurrency market has weakened due to escalating geopolitical tensions between the United States and Iran.

This has led to a risk-off market environment, causing investors to reduce their exposure to risk assets. As a result, the price of Stellar (XLM) has extended its losses and is currently trading near critical support around $0.177.

Falling open interest alongside declining prices often signals that traders are closing positions rather than opening new ones, reflecting weakening market participation and reduced confidence.