The crypto market has been under pressure for months. The selling has been relentless. And the world outside the chart is not making it easier.

Top analyst Darkfost has published an assessment that places the current market environment in its full context: the geopolitical situation is deteriorating, not stabilizing. Despite announcements from the Trump administration suggesting a path toward de-escalation, the attacks and bombings have not stopped. The conflict is escalating. The consequences are spreading across every asset class without exception.

The damage is not limited to crypto. The 60-40 portfolio — the stocks-and-bonds allocation that has defined institutional risk management for decades and survived every major market stress…