The cryptocurrency market continues to trade under pressure despite a mild and broad rebound on Tuesday. Bitcoin (BTC) hovers around $62,500 amid prevalent sideways trading. Meanwhile, major altcoins such as Ethereum (ETH) and Ripple (XRP) are holding above crucial support levels at $1,700 and $1.05, respectively, reflecting ongoing consolidation across the crypto sector.

US-Iran war escalates, weighing on the crypto market

The United States (US) military carried out airstrikes for a third consecutive day on Monday, while Iranian media reported explosions on the islands of Kish, Qeshm, and Abu Musa, as well as in the port city of Bandar Abbas. In retaliation, Iran targeted US military installations in Kuwait, Bahrain, and Jordan, and…