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Crypto Market Nervousness Persists Amidst Geopolitical Uncertainty
As geopolitical tensions continue to simmer, the crypto market is exhibiting increasing nervousness, as noted by QCP Capital, a leading asset manager. Analysis shows a significant downside skew in Ethereum ($ETH) risk reversals, now standing at -20%, indicating a prevailing cautious sentiment among market participants. This unease is expected to persist, fueled by ongoing developments in the Iran-Israeli conflict and exacerbated by weakness observed in US equities. A response by Israel to Iran’s missile attack is highly anticipated which is a reason behind current FUD in the market. Due to this, the market has not ... (full story)