Bitcoin, Ethereum, XRP, Dogecoin Falter As Trump's Iran Ultimatum Shakes Sentiment

Bitcoin is down on Tuesday as geopolitical tensions rise following Donald Trump's ultimatum to Iran.

Notable Statistics:

• Coinglass data shows 79,800 traders were liquidated in the past 24 hours for $181.99 million.            
• SoSoValue data shows net inflows of $471.3 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $120.2 million.
• In the past 24 hours, top gainers include edgeX, Zcash and Bitcoin SV.

Notable Developments:

• Ripple Targets Africa’s $205 Billion Crypto Market But XRP Can’t Hold $1.30
• Nobel Physicist Warns Bitcoin Could Be Cracked In Minutes, But The Community Has 5-10 Years To Act
• Bitcoin Remains Below $70,000, But Key Metrics Flash Optimism
• Altcoins Are Down 70%, But Data Says Watch The Action On Binance
• The Average XRP Wallet Is 41% In The Red: Here’s Why FTX May Be To Blame
• Michael Saylor’s Strategy Posts $14.5B Unrealized Loss In Q1: What Is Going On?

Trader Notes: Crypto trader Jelle noted Bitcoinconsolidating just below a key resistance level, with significant liquidity positioned below current prices. This setup suggests the possibility of choppy, range-bound movement, with a potential move lower to capture liquidity before any sustained upward breakout.

Trader KillaXBT sees Bitcoin's short-term caution is also present. He points to the possibility of a CME gap fill, which often acts like a "price magnet" and could pull Bitcoin lower. If current support fails, downside targets are seen around the $64,000–$65,000 range. However, if support holds, the broader bullish structure remains intact.

Bitcoin Archive said Bitcoin's 4-week RSI, a momentum indicator, has historically marked major market bottoms, and current readings suggest Bitcoin could be forming a significant low. This supports a longer-term bullish outlook over the coming weeks to months, even if short-term volatility persists.

Image: Shutterstock