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Crypto

US-Iran Tensions Weigh on Crypto Market, Bitcoin Hits 50-Day EMA Support

Guavy AI Editorial Team
Instruments
BTC
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The cryptocurrency market is facing headwinds due to rising tensions between the US and Iran. As a result, Bitcoin has dropped to its 50-day Exponential Moving Average (EMA) support around $65,135 on Friday.

Pi Network (PI) and Sky (SKY) are among the worst-performing crypto assets over the last 24 hours, with PI testing its key support at the 161.8% Fibonacci extension level at $0.0679.

The Fear and Greed Index is at 36 on Friday, down from 40 on Wednesday, indicating a renewed risk-off sentiment.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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