On March 4th, Goldman Sachs CEO David Solomon stated that financial markets have not yet fully absorbed the impact of the US-Iran conflict and that the cryptocurrency market may face further downward pressure in the coming weeks. According to Reuters, Solomon was surprised by the “moderate” market reaction to the Middle East conflict but emphasized that it will still take “a few weeks” for the markets to digest the short-term and medium-term effects of the event.
Solomon pointed out that crypto market volatility is largely influenced by oil prices, especially after Iran closed the Strait of Hormuz, making oil supply stability a key variable. He believes that unless geopolitical tensions directly impact economic growth, markets typically do not react violently immediately. However, due to war-induced risk aversion, the US dollar has strengthened, leading to significant sell-offs in cryptocurrencies and overall market pressure.
The US-Iran conflict has now entered its fourth day. President Donald Trump confirmed the killing of Iran’s Supreme Leader, which caused a sharp decline in the crypto market. Israel also launched airstrikes against organizations involved in Iran’s next Supreme Leader election, further escalating regional tensions.
Solomon emphasized that since the outbreak of war, the US economy has remained fundamentally stable, with strong monetary policies helping to maintain economic resilience. However, the impact of the war still needs to be monitored. He warned investors that short-term market volatility may continue, especially given the high risk of fluctuations in crypto assets.
Overall, the US-Iran war and the flow of global risk-averse funds are exerting dual pressure on cryptocurrency prices. Investors should closely monitor geopolitical developments and the US dollar trend to assess potential market rebounds or declines.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Whales Accumulate as Ripple Executives Head to Key XRPL Event in Japan
XRP has gained 5% from a support level of $1.28 due to increased whale accumulation, with large holders now buying over 11 million XRP daily. Ripple executives are attending a significant XRPL event in Japan, though broader market sentiment remains cautious amid geopolitical tensions.
CryptoNewsFlash59m ago
Global Markets Shift as Oil Jumps and Bitcoin Holds Ground
Global markets moved unevenly as geopolitical tensions intensified and energy prices climbed sharply. Oil prices surged above key levels while Bitcoin maintained stability despite pressure. Meanwhile, equities fluctuated as traders reacted to escalating rhetoric and uncertain diplomatic outcomes.
O
CryptoBreaking1h ago
HYPE Price Break Signals Deeper Pullback Amid Weak Momentum
Key Insights:
HYPE broke below $37 support after repeated tests, signaling weakening buyer strength and confirming growing bearish control across short-term price structure movements.
Fibonacci levels identify $32.44 and $29.5 as critical demand zones, where buyers may re-enter as
CryptoNewsLand2h ago
Solana Price Faces Downside Risk as Bears Eye $74 Zone
Key Insights
Solana trades near eighty dollars as bearish momentum builds, with indicators signaling weakness and increasing probability of testing lower support levels soon.
Technical signals, including weak MACD and low RSI momentum, indicate sellers remain dominant, reinforcing downside p
CryptoNewsLand2h ago
BNB Price Struggles Below $600 as Weak Momentum Persists
Key Insights
BNB lost $600 support, shifting short-term momentum and placing price under pressure as sellers strengthened control and limited recovery attempts across sessions.
Price consolidation between $560 and $580 reflects cautious buying activity, while weak indicators continue to limi
CryptoNewsLand2h ago
Shiba Inu Defies Bearish Setup as Short Squeeze Lifts Price
Key Insights
Shiba Inu price surged despite bearish death cross signals as short liquidations intensified, driving a rapid upward move during low liquidity conditions.
A dragonfly doji and tightening Bollinger Bands supported bullish momentum, reinforcing a reversal pattern after sustained d
CryptoNewsLand2h ago
