The Bitcoin price is under increasing pressure amid growing speculation of World War III. The US and Iran military attacks have increased Middle East tensions, which now lead to major losses for BTC and other top cryptocurrencies.
The World War III threat has increased after Germany, France, and the UK joined the United States in its conflict against Iran. Further escalation of these geopolitical issues could deepen the BTC price crash even more sharply.
Bitcoin Price Slumps as World War III Fears Grow
On February 27, the United States launched a military operation against Iran, called Operation Epic Fury. This followed a ten-day deadline for Tehran to finalize the nuclear deal.
In response to the Western military operations, Iran launched missile strikes against the US and allied bases throughout the Gulf. The continuous attacks resulted in extreme damage, including the loss of Iranian Supreme Leader Ayatollah Ali Khamenei.
This rapid escalation has fueled fears of a wider conflict, leading to a potential World War III. These fears have been amplified by Russian philosopher Alexander Dugin, who claimed that “World War III has begun.” He added that the current situation could worsen if Iran collapses under sustained military pressure. Dugin added,
What is more concerning is the current trajectory of BTC and other top cryptocurrencies. The BTC price is currently marked at $66,2132, with a 0.5% daily decline. The coin has also seen 0.3% and 20% drops on a weekly and monthly basis. This indicates that the Bitcoin price is experiencing severe pressure due to growing speculation about potential World War III.
Western Powers Warn Iran
As per reports, the major Western powers, including the UK, France, and Germany, will establish close cooperation with the US to counter Iranian military attacks.
On Sunday, the countries released a joint statement, expressing deep concern over Iran’s “reckless” attacks on allied targets. Keir Starmer, Emmanuel Macron, and Friedrich Merz state that these attacks pose a direct threat to their citizens and military personnel in the region.
The combined efforts of these nations have further worsened the current situation, sparking rumors that World War III will occur. The current developments, together with existing conditions, make BTC continue its downward trend.
With investors shifting their money from BTC to traditional safe assets such as gold, the crypto market is experiencing a decline. As experts warn, if the US‑Iran conflict continues to escalate, the crypto market could suffer one of its most severe crashes ever.
Source: https://coingape.com/is-world-war-iii-near-bitcoin-price-drops-as-uk-france-germany-consider-iran-action/
