US-Iran Tensions Spark Concerns Over Crypto Market Stability

The ongoing tensions between the US and Iran have sparked concerns about the potential impact on the cryptocurrency market. Bitcoin and Ethereum have already suffered significant losses since October, with many analysts predicting further declines.

According to experts, a war between the two nations could lead to a de-risking event that sends Bitcoin plummeting. This would be exacerbated by the current bear market and geopolitical headwinds, causing prices to decline further.

Sebastian Serrano, CEO of crypto exchange Ripio, forecasted Bitcoin dropping as low as $53,000 if bearish momentum following a strike were to continue. However, he also noted that if Bitcoin holds its ground despite the macro headwinds, it would be a strong bullish signal.