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Crypto Daily Market Report | KuCoin

Crypto Daily Market Report | KuCoin

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US-Iran Conflict Escalates Again, BTC Faces Resistance at 64K and Retraces to 62K Support

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  • 📊 Market Overview

    • Rising US-Iran tensions drove renewed risk aversion, as the tanker attack in the Strait of Hormuz, combined with the US revocation of Iran’s oil sales waiver, pushed geopolitical risks higher and lifted both oil prices and bond yields. US equities came under pressure, with the S&P 500 falling 0.4% and the Nasdaq dropping more than 1%; semiconductor stocks led the decline in a “Black Tuesday” sell-off. The crypto market also pulled back, with Bitcoin retreating after failing to break above the $64,000 level and currently trading around $62,900. The market has entered a technical correction phase…

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