Global markets plummeted this week after the U.S. and Israel attacked Iran, with a mid-week rebound proving fleeting as Bitcoin dropped under $68,000 on Friday, dragging most altcoins lower. Global markets retreated this week after cross-border tensions intensified, with midweek rallies fading quickly. Bitcoin slipped below $68,000 on Friday, dragging many altcoins lower as risk sentiment soured.
Oil prices topped $90 per barrel as investors weighed macro risks from the conflict on energy supply and demand. The broader crypto complex followed the risk-off tone, with Bitcoin’s decline contributing to a broad pullback across altcoins.
Despite the volatility, traders remain focused on macro developments and liquidity conditions. A loss of momentum could extend the downside for crypto assets until new catalysts emerge. Market participants look for signs of stabilisation as the conflict evolves.
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