Crypto is crashing and experts say don't catch the knife — short Bitcoin and Ethereum as fear deepens
Crypto is already in freefall with Bitcoin near multi-year lows and experts warning the bottom isn't here yet. Now, escalating military conflict between the US and Iran is adding fresh fear to global markets — the kind of uncertainty that typically pushes risk assets like crypto even lower.
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Bitcoin has already lost over $1.3 trillion in market value, and Bloomberg reports that even seasoned crypto veterans are warning against trying to catch the falling knife — the signal is 'not yet' for bargain hunters. Layering on top of that, the US is now conducting multiple rounds of military strikes against Iran, which historically drives investors away from risky assets and toward safe havens. When a market is already in a downtrend and a fresh geopolitical fear event hits, it typically accelerates the selling pressure rather than reversing it.