Cryptocurrency Market Driven by Macro and Geopolitics
The cryptocurrency market is navigating a complex phase of the year, driven by macroeconomic and geopolitical factors. Bitcoin (BTC) is trading above $65,000, holding a mildly constructive tone but still capped by its price action.
Ethereum (ETH), on the other hand, shows signs of stability near the immediate $1,900 hurdle, backed by mild capital inflows. Ripple (XRP) holds above the pivotal $1.10, with its upside structurally constrained below $1.15.
The US-Iran conflict persists, with President Donald Trump weighing a 'massive attack' on Iran and risk-off sentiment evident among institutional investors.