Global markets are closely watching the situation in the Middle East. Recently, statements suggesting that the Iran conflict could end very soon have started trending online. If tensions decrease, it could have a positive impact on global financial markets including crypto.
Historically, geopolitical events often create volatility in Bitcoin and other cryptocurrencies. If stability returns, investor confidence could increase and we might see stronger momentum in the crypto market again.
It will be interesting to see how the situation develops and how markets react in the coming days.