Dogecoin (DOGE) is trading around $0.090 at the time of writing on Tuesday, as risk-off sentiment grips the broader crypto market amid the ongoing war between the United States (US) and Iran.

Dogecoin wobbles as macro headwinds persist

Macro pressure is mounting as the US-Iran war enters its fourth day, and geopolitical tensions in the Middle East keep global markets on edge. Sustained high Oil and energy prices could keep inflation high, reducing the odds of rate cuts in 2026. Crypto and other risk assets sit on the wrong side of the conflict, as wars hardly favour such markets.

“Crypto continues to get pressured as the highest-beta growth asset in a world where risk premia on growth are rising and the Fed can’t act,” Wintermute…