Global Tensions Spark Market Volatility Amid Rising Inflation Concerns

Renewed concerns over inflation and escalating global tensions have sent shockwaves through financial markets. In the aftermath of military strikes against Iran, investors scrambled for safe-haven assets such as gold and oil.

The crypto market responded swiftly to the geopolitical developments, with Bitcoin experiencing a brief dip to $63,000 before rebounding.

Despite this initial volatility, sentiment indicators suggest that risk appetite has yet to recover. The Crypto Fear & Greed Index remains firmly in the 'Extreme Fear' zone.