Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    NewsCrypto

    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert

    According to news sources, Coinbase is set to expand its derivatives platform…

    By
    Jane Omada Apeh
    May 30, 2025
    image 30 May 2025 12 40 50
    CryptoMarketNews
    Pi Coin Faces Crucial Weeks as Technical Indicators Flash Red
    May 30, 2025
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    NewsBitcoinCrypto
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    May 30, 2025
    Bybit MiCAR license
    NewsCryptoMarket
    Bybit Expands into Europe with MiCAR License and Vienna Headquarters
    May 30, 2025
    Ethereum ETF Inflows Surge to $71M, Will ETH Price Follow to $2,900?
    NewsCryptoEthereumMarket
    Ethereum ETF Inflows Surge to $71M, Will ETH Price Follow to $2,900?
    May 30, 2025
  • Cryptocurrency
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    7 Min Read
    image 30 May 2025 12 40 50
    Pi Coin Faces Crucial Weeks as Technical Indicators Flash Red
    3 Min Read
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    5 Min Read
    Bybit MiCAR license
    Bybit Expands into Europe with MiCAR License and Vienna Headquarters
    6 Min Read
    Ethereum ETF Inflows Surge to $71M, Will ETH Price Follow to $2,900?
    Ethereum ETF Inflows Surge to $71M, Will ETH Price Follow to $2,900?
    7 Min Read
    image 297
    Updated List: 5 Top New Meme Coins to Buy and Hold for Long Term — Last Hours of Stage 6 for a 191.6% Rising Presale
    8 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Are Markets Entering Uncertainty Again Due to These Two Events?
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Are Markets Entering Uncertainty Again Due to These Two Events?
News

Are Markets Entering Uncertainty Again Due to These Two Events?

cryptocurrency market decline with Bitcoin and Tether logos red downward trend arrows and warning symbols to indicat
Thalia Galanis
Last updated: October 26, 2024 10:30 am
By
Thalia Galanis
Published October 26, 2024
2 Min Read
Share

The crypto market has taken a downturn, with Bitcoin dropping 2% to test support levels around $65,500. Altcoins faced further declines after Israel launched military strikes on Iranian targets, introducing fresh geopolitical tension and uncertainty for crypto and other risk assets.

Contents
Impact of Israel’s Strikes on the Crypto MarketTether Investigation Adds to Market Pressure

Impact of Israel’s Strikes on the Crypto Market

Israel’s “definitive strikes” on Iranian military bases have escalated Middle Eastern tensions. Media reports from Tehran detailed several intense explosions, sparking panic selling among investors in the crypto market. This geopolitical event has notably impacted risk-sensitive assets, creating a wave of uncertainty across the crypto landscape.

digital financial chart showing a downward trend in the crypto market with Bitcoin and Tether symbols prominently displayed

Tether Investigation Adds to Market Pressure

In addition to geopolitical concerns, the U.S. Department of Justice’s investigation into Tether has introduced another layer of market unease. Although Tether’s issuer has denied the accusations as “irresponsible reporting,” the news caused USDT to slip slightly, with the stablecoin trading at $0.9983 at press time. Crypto analyst Benjamin Cowen commented on the situation, noting:

“#ALT / #BTC pairs have hit a new low for this cycle. Altcoin accumulation never truly ended; patience simply wore thin.”

These factors have captured the attention of market analysts, who believe altcoins could experience further declines in the coming months. While Bitcoin has historically shown resilience, altcoins appear more vulnerable under current pressures. American University law professor Hilary Allen also weighed in, stating:

“If Tether were to fail, it would be catastrophic for the entire crypto economy.”

Meanwhile, Jeff Dorman, chief investment officer at Arca, observed that the market has become “immune” to regulatory developments, adding, “Whether this has a lasting impact on the market will be clearer next week, but I expect minimal long-term effects.”

With recent events showing the potential for continued volatility in the crypto space, investors remain cautious amid these rising geopolitical and regulatory risks. In such a climate, staying informed and vigilant is crucial.

crypto market, Bitcoin, Tether, geopolitical tension, volatility

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Bad News for Altcoins! Bitcoin Investors Staying Put

Dormant Whale Awakens After 1.6 Years! Transfers $10.2 Million in Ethereum to Exchange

Glacier Grove is Here—Arctic Pablo’s Next Price Jump is Closer Than You Think! TRUMP Coin Gains Real Utility and Coq Inu’s Rally is Heating Up

Bitcoin Set to Soar? Yuan Devaluation Rekindles 2015 Crypto Playbook

Terraform Labs to Cease Operations After Bankruptcy, Offers Payments for Terra Stablecoin Collapse

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Bitcoin symbols with a digital financial background and multiple price targets such as 100000 and 170000 displayed. The backd Top Analyst’s Bold Prediction: 155% Bitcoin Surge Possible
Next Article New York Stock Exchange NYSE Arca logo alongside Bitcoin and ETF icons with a digital clock showing extended trading hou NYSE Arca Extends Trading Hours: A Boost for Bitcoin ETFs
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English
  • Português (Portuguese)