The crypto market is trading in neutral-to-slightly bullish conditions on Thursday, with Bitcoin (BTC) holding above $64,000 while its immediate upside remains capped. Ethereum (ETH) hovers above the $1,900 short-term support level while Ripple (XRP) struggles to gain momentum ahead of a potential nail $1.10 breakout.

US-Iran tensions weigh on risk assets

Geopolitical tensions in the Middle East have escalated in the latter half of the week, as the United States (US) conducted a “heavy wave of strikes” targeting key locations in southern Iran, including Bandar Abbas, Kish, and Qeshm Island.

Meanwhile, reports indicate a US-owned vessel caught fire in a suspected drone attack at an Egyptian port, although local authorities have yet to…