The Cryptocurrency Market Faces Decline
The cryptocurrency market has once again been shaken by a sharp decline, prompted by escalating geopolitical tensions in the Middle East, which have left investors on edge. The total market capitalization has fallen by 4.47%, landing at 3.18 trillion dollars. Leading cryptocurrencies like Bitcoin 
$ 105,240, Ethereum 
$ 2,541, and XRP have experienced notable losses within the last 24 hours, with Bitcoin dropping over 2% to 104,954 dollars, Ethereum falling by 2.66% to 2,522 dollars, and XRP suffering a loss of more than 9%, reducing its value to 2.16 dollars. Alternative coins such as Solana 
$ 148, Cardano 
$ 0.615971, and Dogecoin 
$ 0.171355 have also come under pressure. Meanwhile, the Crypto Fear and Greed Index is indicating “Neutral” at a level of 52.
Geopolitical Tensions Roil the Crypto Market
Recent developments in the Iran-Israel conflict have further intensified the market pressure. Iran has been seen using hypersonic missiles capable of targeting Tel Aviv and bypassing Israel’s Iron Dome defense system. In response, Israel bombed Iranian state television in an effort to cease propaganda broadcasts.
Simultaneously, U.S. President Donald Trump’s abrupt departure from the G7 summit in Canada to return to Washington has fueled rumors that the U.S. might soon intervene in the conflict. Trump used the Truth Social platform to urge citizens in Tehran to evacuate immediately, hinting at the likelihood of a significant military operation by stating, “They should have signed the deal.”
On the Polymarket betting platform, the probability of the U.S. becoming directly involved in the conflict has surged to 70%. This situation has caused concern on both Wall Street and in the cryptocurrency market, prompting investors to withdraw from risky assets. 
Polymarket – Iran-Israel Conflict and U.S. Involvement
What’s Next for Bitcoin and Altcoins?
If current conditions persist, Bitcoin may test the psychological support level at 100,000 dollars. Should this level break sustainably, it could pave the way for a sharper decline towards the 92,000 – 95,000 dollar range, which is seen as the target for a deeper correction in the largest cryptocurrency.
For Ethereum, the short-term support level of 2,400 dollars emerges as crucial. If this level is lost, ETH has the potential to fall back to 2,200 dollars. The existing pressure on altcoins, in particular, bolsters the general market correction expectations.