Iran Conflict Escalation Sparks Volatility in Cryptocurrency Markets

The ongoing Iran conflict has sent shockwaves through global markets, including cryptocurrencies. The latest development is US President Donald Trump's national address, which signaled that the conflict may last another 2-3 weeks with intensified military action.

As a result, Bitcoin has slipped back below $67,000, reinforcing its fragile consolidation phase. However, Ethereum is emerging as a relative strength play in an otherwise risk-sensitive market, holding firmly above the $2,000 level.

The next few weeks will be critical for cryptocurrency markets, with analysts expecting volatility and sharp reactions to news. If tensions escalate, Bitcoin could remain under pressure, while any signs of resolution could trigger a sharp reversal.