Crypto Falls as Tensions Hit Bitcoin and Altcoins

Key Moments

Geopolitical Stress Hits Crypto Sentiment

The cryptocurrency market has been swinging sharply as traders monitor escalating tensions tied to a Tuesday 08:00 PM ET deadline set by US President Donald Trump on Iran, pushing Bitcoin (BTC) under $69,000 and pressuring risk assets across the board.

US President Donald Trump is pushing for the reopening of the Strait of Hormuz as part of a peace arrangement with Iran, warning of strikes on Iranian power plants and bridges if the terms are not met by the Tuesday 08:00 PM ET cutoff.

Iran, in turn, has threatened to target other Gulf nations and their energy facilities, a move that would further strain global fuel supplies and amplify uncertainty.

Liquidations Spike as Volatility Rises

Data from CoinGlass shows that total crypto liquidations over the last 24 hours reached $233 million. Of this amount, $128 million came from short positions and $105 million from long positions, signaling a liquidation pattern skewed toward short sellers as volatility heightened.

FET Technical View: Bias Mildly Positive Above Key Averages

Artificial Superintelligence Alliance (FET) is trading flat at press time on Tuesday after declining roughly 4% in the prior session. In the near term, the setup leans slightly bullish, with price holding above the 100-day Exponential Moving Average (EMA) and supporting a tentative recovery pattern.

Momentum has eased from earlier overheated conditions. The Relative Strength Index (RSI) has slipped back toward the 50 region, while the Moving Average Convergence Divergence (MACD) line has dipped under its signal line near the zero level, pointing to only mild upside forces at work.

On the topside, FET faces resistance at the 78.6% Fibonacci retracement at $0.2622, calculated from the $0.3149 swing high down to the $0.1340 swing low.

On the downside, the 100-day and 50-day EMAs at $0.2219 and $0.2101, respectively, act as primary support zones.

Avalanche (AVAX): Downtrend Persists Below Falling EMAs

Avalanche (AVAX) is extending its decline by more than 2% at press time on Tuesday. The token turned lower from the 50-day EMA at $9.45 on Monday, with that moving average still sloping down and limiting rebound attempts. The 200-day EMA remains well above current prices, reinforcing the broader bearish structure.

Momentum indicators echo this negative backdrop. The MACD line sits beneath its signal line in negative territory, with a slightly negative histogram, pointing to ongoing but not sharply intensifying selling. The RSI is hovering near 42, consistent with below-50 bearish momentum without signaling oversold conditions.

Near-term downside is initially anchored at the February 5 low of $8.24, followed by the February 6 low at $7.55. On the upside, the 50-day and 100-day EMAs at $9.45 and $10.91 are the next hurdles AVAX would need to overcome to ease selling pressure.

Pepe (PEPE): Neutral Setup as Price Tracks Flat EMAs

Pepe (PEPE) is showing a modest rebound at the time of writing on Tuesday after dropping about 5% on Monday from the 50-day EMA at $0.00000362. A descending resistance trend line above price continues to define a heavy broader pattern.

Technically, the market appears directionless, with PEPE trading in line with the flat 50-, 100-, and 200-day EMAs. This alignment removes a clear directional cue and keeps the short-term stance neutral.

The RSI sits in the mid-40s, consistent with this indecisive backdrop and indicating that neither buyers nor sellers have firm control.

On the downside, immediate support for PEPE is located at the February 6 low at $0.00000311, which protects the path to the S1 Pivot Point at $0.00000298. To unlock a more sustained recovery, PEPE would need a daily close above the 50-day EMA at $0.00000362, opening the way for a potential move toward the R1 Pivot Point at $0.00000398.