⚠️ Crypto Market Retracing Amid U.S.–Iran Tensions

Global markets are under pressure after strikes on Kharg Island, Iran’s key oil terminal.

📉 Market Update

• Total Crypto Market Cap: $2.38T (down from $2.4T)

• Bitcoin fell below $71K after touching $74K

• Ethereum trading around $2,086

🌍 Geopolitical Risk Rising

• Iran threatens to close the Strait of Hormuz

• This route carries nearly 20% of global oil supply

⛽ Higher Oil = Higher Inflation

Rising oil prices are putting pressure on risk assets, including crypto.

📊 Market Sentiment

Prediction markets suggest the conflict may continue, meaning volatility in $BTC, $ETH, and altcoins could persist.

📈 Outlook

• If tensions ease → bullish momentum may return quickly

• If escalation continues → expect more market swings

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