Global Cryptocurrency Market in Free Fall Amid US-Iran Tensions

The global cryptocurrency market is in turmoil as prices plummet due to heightened tensions between the United States and Iran.

Bitcoin (BTC) has suffered significant losses, breaking below key supports at $73,353, a level not seen since six weeks ago. The altcoin market is also feeling the pressure, with Ethereum (ETH) and Ripple (XRP) trading lower than their respective levels of $2,200 and $1.30.

Despite this downturn, Pi Network's price remains relatively steady, trading above $0.1400 at press time. However, its technical outlook is still bearish, with a potential drop from the cliff's edge at $0.1410 looming.