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I noticed an interesting correlation: cryptocurrency is falling again, and it seems to be related to the escalation of the geopolitical situation. This time, the reason is the failure of negotiations between the US and Iran. The market is clearly nervous due to the uncertainty.
Bitcoin and altcoins are already reacting to the news. When tensions escalate on the geopolitical stage, investors usually seek safe assets, and in this sense, cryptocurrency is still perceived as a risky asset. Plus, potential sanctions and restrictions could impact trading and liquidity.
It’s interesting to see how long this decline will last. If negotiations resume and tensions decrease, cryptocurrency could recover. And if the situation worsens, pressure on the market will continue. For now, I’m just observing the situation and waiting for a clearer picture to emerge.