US-Iran Tensions Weigh on Cryptocurrency Markets

Geopolitical tensions between the US and Iran are casting a shadow over cryptocurrency markets. Major assets like Bitcoin, Ethereum, and XRP are trading in narrow ranges, reflecting caution among traders.

The current standoff has historically triggered short-term volatility in risk assets, including cryptocurrencies. However, this time around, market participants seem to be adopting a wait-and-see approach rather than panic selling or aggressive buying.

Bitcoin is consolidating within a tight range, with immediate support near $67,000 and resistance around $69,500. A breakout above resistance could signal renewed bullish momentum, while a breakdown below support may accelerate selling pressure.