The war between the United States and Iran significantly affects the cryptocurrency market, primarily through rising geopolitical uncertainty. During periods of heightened tension, investors often reduce exposure to risky assets, so Bitcoin and altcoins can fall sharply. Additional pressure comes from higher oil prices, inflation expectations, and a possible tightening of monetary policy. At the beginning of the conflict, Bitcoin indeed showed strong volatility, but later it partially recovered. Now, the new U.S. sanctions against Iran are also affecting cryptocurrency transactions, which may increase market participants’ caution. (reuters.com) When tensions ease, demand for cryptocurrencies can recover, but for now the market remains highly sensitive to any news.