Dollar surge pressures crypto and gold after escalation in Iran conflict: Crypto Markets Today
CoinDesk
A strengthening US dollar following escalated conflict in Iran pressured crypto markets, equities, and metals.Summary
Risk assets, including cryptocurrency and precious metals, declined on Tuesday as the U.S. dollar index (DXY) surged 0.5% to a near two-month high following renewed military escalation involving Israel and Iran. Bitcoin retreated from $70,000 to $66,500, remaining rangebound, while altcoins like ADA, ZEC, and DASH fell over 4%. Gold also dropped from a one-month high. Derivatives positioning shows market consolidation, with retail sentiment cautiously bullish but institutional conviction softening. Despite broad weakness, certain tokens like NEAR, JUP, and MORPHO posted significant gains, suggesting pockets of upside potential remain.
(Source：CoinDesk)