Today, on Wednesday morning, when I look at the crypto market, I see that Bitcoin is still struggling to reach 70,000. Last night during the Asian session, it was trading around $71,680, up about 6.7% weekly. But what’s really interesting is the behavior of other coins.

Ethereum fell 1.2% and dropped to $2,220. Solana is in worse shape, losing 2.4% over the week and falling to $82.50. Cardano and Dogecoin are also weak, with declines of 3.7% and 2.8%, respectively. Only BNB and XRP are holding relatively steady.

The obvious fear in the market is clear: Iran conflict, oil prices, Asian stock markets are collapsing. South Korea hasn't seen such a decline since 2008. If the Strait of Hormuz remains closed, energy prices will surge, inflation expectations will rise, and interest rate cuts will be delayed. This puts pressure on risky assets like crypto.

It’s important to monitor critical levels for Bitcoin. Analysts are paying attention to whether the $63,000 support holds. We will see how ETF inflows perform this week. Until geopolitical clarity emerges, the market is likely to remain in a wait-and-see mode.