Crypto Market Today, Bitcoin and Ethereum Price Drop as US-Israel-Iran War Escalates

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Bitcoin price today faced a sharp setback after a U.S. address in Iran triggered a global risk-off reaction, dragging prices down nearly 6% within hours. The move pushed BTC below the crucial resistance levels, with price now struggling under the $69,000 mark and failing to break the $72,500–$73,000 zone. 

Adding to the uncertainty, markets are heading into a potential liquidity gap over the Good Friday weekend, as CME futures and ETF flows pause, leaving crypto more vulnerable to sudden moves.

How Low Can Bitcoin Price Go?

According to analyst Aaron Dishner, Bitcoin remains under heavy technical pressure. The price is currently sitting below TBO Cloud resistance, with downside targets lined up at $60,000, $49,000, and even $38,555 if selling accelerates. 

He suggests the next major drop could resemble January’s weakness, hinting at a broader reset before stability returns.

At the same time, Bitcoin dominance remains weak below certain levels, signaling a lack of a strong push. Meanwhile, stablecoin dominance is rising, often seen when capital moves to safety during uncertain phases.

Ethereum and Altcoins Feeling the Heat

Ethereum price has slightly outperformed Bitcoin in recent sessions, but the outlook remains fragile. The asset is forming a bear flag pattern, with bearish divergence on RSI and repeated rejection against long-term resistance on the ETH/BTC pair.

Across the altcoin market, the picture remains weak. Major tokens like XRP and Solana are slipping back toward February lows, while others continue to test critical support zones. A few tokens have shown short bursts of strength, but overall momentum remains tilted to the downside.

Also Read : Ripple (XRP) Price Prediction 2026, 2027-2030: Will XRP Reach $5?

Crypto Market Outlook 

Beyond crypto, broader markets are flashing mixed signs. The U.S. dollar index has surged and remains strong, while equities closed green but still sit below resistance levels. Oil prices are climbing toward $110, raising concerns of a potential global energy crunch.

Despite safe-haven expectations, gold and silver have pulled back after a sharp rally, adding to the confusion across markets.

With most altcoins still in bearish setups and no clear rebound expected over the weekend, analysts suggest a wait-and-watch approach. Rising volatility in traditional markets could spill back into crypto, making the coming week critical for direction.