Cryptocurrency Markets Face Downward Pressure Amid US-Iran Tensions

Cryptocurrency markets are experiencing significant volatility amid reports of a potential US attack on Iran and uncertainty over Trump's tariff plans. As a result, prices of Bitcoin and Ethereum have been affected, with some analysts warning of further declines.

According to BitQuant, an X post analyst, market participants are hesitant to buy at current levels due to concerns about the impact of a potential US attack on Iran on cryptocurrency prices. He noted that many investors are waiting for clearer signals before making investment decisions.

The uncertainty surrounding Trump's tariffs has also contributed to the decline in prices. The recent Supreme Court ruling against the tariffs under the International Emergency Economic Powers Act (IEEPA) has led to concerns about potential trade disruptions and their impact on global markets.