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Crypto

US-Iran Tensions Spark Cryptocurrency Market Downturn

Guavy AI Editorial Team
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BTC ETH XRP
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The cryptocurrency market is experiencing a downturn due to renewed tensions between the US and Iran. Bitcoin (BTC) has declined for the second consecutive day, testing its support at $77,000.

Ethereum (ETH) is also under pressure, retesting its $2,400 support level. Ripple's (XRP) price remains below the 200-day EMA resistance and is showing a bearish trend according to the MACD indicator.

The US-Iran conflict has led to increased risk aversion in the market, causing prices to drop. The Fear & Greed Index has also declined from 69 to 63, indicating a shift towards caution among investors.

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