Geopolitical shock waves hit Ethereum hard, while Bitcoin remains resistant
The cryptoma markets were the first to feel the shock of the escalating tensions between the United States and Iran, when news about targeted air strikes on nuclear systems waves in the world of digital assets.
While Ethereum felt the main burden of the reaction and fell to a low of the month before it recovered easily, Bitcoin showed a surprising resistance, which indicates that it is increasingly being viewed as geopolitical protection and less as a purely speculative investment object.
Dealers and analysts now observe alike whether there are further effects. Since the traditional stock and raw material markets were closed on weekends, oil prices should be the next important trigger when they reopen, especially if the fears of interruption in energy supply increase.
Caroline Moron from Orbit Markets believes that every strong movement at the raw oil price could play the volatility in the crypto area again, especially in view of the sensitivity of Ethereum compared to the general macroeconomic changes in recent months.
Meanwhile, the dealers are divided between caution and opportunities. With a loss of over $ 679 million in cautious positions-of which $ 554 million long positions-the worst of panic seems to be over, which creates space for technical relaxation.
Nevertheless, the market remains tense. As Cosmo Jiang emphasized, the historical role of Bitcoin as first aiders could indicate the tone for the coming week in uncertain times, especially if diplomatic developments or escalations continue to dominate the headlines.
