The broader cryptocurrency market faces headwinds with rising tensions between the US and Iran, pushing Bitcoin (BTC) down to its 50-day Exponential Moving Average (EMA) support around $65,135 on Friday. Under pressure, Pi Network (PI) and Sky (SKY) emerge as the worst-performing crypto assets over the last 24 hours. 

CoinMarketCap’s Fear and Greed Index is at 36 on Friday, down from 40 on Wednesday, indicating renewed risk-off sentiment, likely linked to US President Donald Trump warning of “major military punishment” for Iran after the Houthi attacks in the Red Sea.

Bitcoin risks losing near-term recovery

Bitcoin keeps a bearish near‑term bias, testing its 50‑day EMA at $65,135 and sits…