Today, the escalating tensions in the U.S.-Iran conflict intensified following reports that the United Arab Emirates targeted an Iranian desalination plant. This alleged attack coincided with Iranian drones and missiles striking Gulf regions, heightening concerns about a broader conflict in the area.
As a result of these developments, experts caution that Bitcoin’s value may decline towards $65,000 due to increased geopolitical risks and outflows from exchange-traded funds (ETFs), which are putting additional pressure on the cryptocurrency market.