TradingKey – Negotiations between the U.S. and Iran have collapsed, causing safe-haven demand to surge. Gold and silver have attracted capital inflows, while the crypto market remains sluggish.

During the early Asian session on February 28, the cryptocurrency market came under pressure, falling 1.9% as total market capitalization dropped to $2.27 trillion. Among them, Bitcoin (BTC) prices fell more than 2% today, currently trading at $65,835, breaking below the mid-line of the $18,000-$22,000 range as bears hold a dominant advantage.

Bitcoin price chart, Source: TradingView

Over the past month, Bitcoin prices have fallen by a cumulative total of over 26%, far exceeding gold (XAUUSD) during the same period and silver (XAGUSD). In early…