Geopolitical tensions cryptocurrency It can have devastating consequences for the markets, and we have experienced this extensively since 2022.. Cryptocurrency investors We saw that the price chart fluctuated with news of war, conflict and retaliation. In the last cycle, the start of the war between Russia and Ukraine appeared as a major reason for the decline.
Cryptocurrencies May Fall
There are US elections in the coming days, an event that will increase volatility in the cryptocurrency markets. However, recent Axios reports tell us that tensions in the Middle East will increase further. Sources say that Iran will launch a retaliatory attack via Iraq within a few days as a response to the recent attacks.
We have already seen Iranian missiles being fired as US markets closed on Friday. These last minute developments caused a decrease in prices at that time. Now, what we can understand from the Axios report is that we may experience a similar scenario again. Maybe that’s why BTC price The lock is stalling below the $71,500 level.
Additionally, different sources say that Israeli intelligence is preparing for possible Iranian retaliation in the coming days. The detail here is that the attack will start before the US elections. In other words, this retaliation will begin by November 5th. Markets may remain under pressure due to both election tensions and concerns about the size of the attack. SPX and Bitcoin 
$72,362 Since it will likely perform poorly under this pressure, it would not be surprising if profitable investors turn to rapid sales. And of course it could be the other way around, crypto is full of surprises.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
