The geopolitical landscape has taken a dramatic turn as renewed conflict between Iran and Israel has sparked concerns across global markets. Meanwhile, Japan's stock market has experienced a sharp decline, amplifying financial instability worldwide.
Adding to the uncertainty, political turbulence in the UK is eroding investor confidence, triggering additional sell-offs. Together with growing fears of stricter market regulations, these factors have cast a shadow of doubt among investors, causing the market to retreat.
Over the past week, the cryptocurrency market has experienced a significant slump, leaving investors uneasy about what lies ahead. The overall economic environment is fueling this downturn, as global inflation rises and central banks increase interest rates.
This creates a less favorable environment for high-risk assets like cryptocurrencies, causing investors to become more cautious and opt for safer investment options. This shift has led to increased market volatility, with many now questioning whether a rebound is on the horizon.
On the technical side, several major cryptocurrencies have broken below key support levels, which has impact a lot.
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