The cryptocurrency market has taken a recent bear turn, largely due to the rising geopolitical tensions and global market uncertainty. Bitcoin’s price is down sharply, but many altcoins are experiencing losses of an even greater magnitude. This market action is being blamed on investors rushing toward safer assets in a time of global uncertainty.
Bitcoin’s price on Indian exchanges has dropped by about one percent, trading at $101,270 on Monday. This marks a stark decline from earlier rates, when the price of Bitcoin reached $104,000 on Indian exchanges. Ethereum saw a substantial drop too, with ETH price closing down by more than two percent at $2,330 on Indian exchanges.
Altcoins have been especially hard hit, with small caps and AI tokens crashing by 17–20 percent this week. This steep drop points to a general risk-off sentiment among investors, who are fleeing from higher risk assets.
"Market structure shows a short-term downtrend with lower highs and lows; possible bear flag forming. Altcoins, especially small caps and AI tokens, dropped 17–20 percent this week. Volatility expected to persist due to geopolitical tensions and market fragility." - Riya Sehgal
Crypto market cap is down by over 1 percent in 24 hours on exchanges worldwide. Bitcoin’s current dominance in the crypto market is 64.9 percent, which shows how much more stable it is than altcoins.
"The sharper fall in Ethereum signals a risk-off approach from market participants amid global macro uncertainties and tightening liquidity. This phase highlights that institutional and retail capital is gravitating towards assets with stronger fundamentals and higher liquidity." - Avinash Shekhar
Geopolitical concerns are feeding the market’s jittery tendencies. Escalating hostilities with Iran and the growing likelihood of a closing of the Strait of Hormuz are fueling these fears.
"[Bitcoin] fell amid rising global tensions. As Crude oil price opened up higher on Monday, it will be interesting to see the development from Iran's side if they escalate the current situation. With a feared closing of the Strait of Hormuz by Iran, BTC can fall further down to around $98,000 (roughly Rs. 85 lakh)." - The CoinSwitch Markets Desk
Even with today’s bear market, we see evidence of long-term accumulation and positioning taking place in the crypto ecosystem.
"Altcoins and memecoins are bleeding, while even DOGE and XRP hit 2-month lows. Yet amid the chaos, states like Texas push strategic BTC reserves, and JPMorgan pilots on-chain settlement. Long-term conviction is tested, but disciplined accumulation during panic often sows the seeds of future wealth" - Himanshu Maradiya
"On-chain data shows long-term holders stepping in while short-term sellers retreat. Historically, this kind of shift tends to happen near market bottoms, indicating a trend reversal in the market" - Edul Patel
