Geopolitical turmoil hits Ethereum hard, while Bit

Geopolitical turmoil hits Ethereum hard, while Bitcoin remains resilient for now

Crypto markets were the first to take the hit from escalating tensions between the US and Iran, after news of targeted Geopolitical turmoil hits Ethereum hard, while Bitcoin remains resilient for now on nuclear facilities rocked the world of digital assets.

While Ethereum bore the brunt of the backlash, falling to a one-month low before recovering slightly, Bitcoin has shown surprising resilience, a sign that it may increasingly be seen as a geopolitical hedge rather than a purely speculative asset.

Traders and analysts are now watching for broader implications. With traditional stock and commodity markets closed over the weekend, oil prices are expected to be the next major factor when they open, especially if concerns about energy supply disruptions intensify.

Caroline Moron of Orbit Markets believes that any sharp movements in crude oil prices could reignite cryptocurrency volatility, especially given Ethereum's sensitivity to broader macroeconomic changes in recent months.

Meanwhile, traders are torn between caution and opportunity. With over $679 million in leveraged positions lost, of which $554 million are long, there is a sense that the worst of the panic may be over, creating room for a technical rebound.

Still, the market remains on edge. As Cosmo Jiang pointed out, the military’s historic role as a first responder in uncertain times could set the tone for the week ahead, especially if diplomatic or military news continues to dominate the media.