BTC, ETH, SOL, ADA slide as Trump extends Iran deadline but war risks persist

Major cryptocurrencies, including Bitcoin, Ether, Solana, and Cardano, experienced declines as the Middle East conflict entered its fifth week without resolution. Bitcoin dropped below $68,507 following mixed geopolitical signals: President Trump extended the Iran ceasefire deadline by 10 days, suggesting talks were progressing, but this relief was countered by reports that the Pentagon was considering sending up to 10,000 additional ground troops. The broader crypto market shed nearly 1% in total capitalization, with Ether falling to $2,050 and Solana dropping to $85.93. Despite the daily selloff, underlying institutional accumulation appears strong, evidenced by $2.5 billion in Bitcoin ETF inflows over the past month and net exchange outflows signaling a shift toward self-custody. Analysts note the market is approaching a critical decision point regarding its 50-day moving average support, while BlackRock suggests large investors are concentrating holdings in Bitcoin and Ether over other altcoins.

(Source：CoinDesk)