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
Dogecoin Tests $0.090 Support After 3.4% Drop as Traders Watch Key Price Range
Dogecoin is currently trading at $0.09061 which is a drop of 3.4 percent, and the price is close to the important level of $0.09011 support.
The chart indicates a series of tests of the support zone of $0.089-$0.090, and the closest resistance is represented by $0.09353.
A hold of
CryptoNewsLand1h ago
PEPE Price at $0.053259 as Tight Range and Falling Volume Shape Short-Term Market Activity
PEPE was traded at $0.053259 and has recorded a 3.0 percent fall in value but it is within a thin band of support and resistance.
The market exhibited a volume of 235.15M in 24 hour trading, which is a decline of 19.16% reflecting less trading activity.
Technical indicators are not
CryptoNewsLand1h ago
XRP ETF Performance Praised as 'Really Impressive' by Bloomberg - U.Today
XRP ETFs have shown resilience amid a 45% price drop, attracting significant capital despite typical market behavior. Bloomberg's Eric Balchunas highlights strong investor support. Despite recent outflows, the funds retain substantial assets, indicating community dedication.
UToday1h ago
Crypto Shines Amid Middle East Oil Shock and Market Selloff
Bitcoin remains stable amid market turmoil fueled by rising oil prices and inflation, outperforming traditional assets. Its reduced leverage limits forced selling, attracting long-term investors eyeing potential gains in a volatile landscape.
CryptoFrontNews1h ago
XRP Holds $1.34 Support While Leverage Heatmap Highlights $1.30 Risk Zone
XRP is trading at $1.36 in a tight range of support at $1.34 and resistance at $1.37.
The heatmap data indicates that there is a huge amount of long positions in the range of $1.30.
Should prices fall to around $1.30, long positions with high leverage in this region might
CryptoNewsLand2h ago
ETH drops 1.07% in 15 minutes: whale fund concentration triggers short-term pullback
March 10, 2026, 18:00 to 18:15 (UTC), ETH's return within the 15-minute candlestick was -1.07%, with price fluctuations ranging from 2049.1 to 2073.15 USDT, an amplitude of 1.16%. During the same period, market trading volume significantly increased by over 32%, large on-chain fund flows occurred frequently, triggering short-term market sentiment fluctuations, rapidly increasing attention, and intensifying volatility risks.
The main driver of this abnormal movement is the concentrated sell-off by whale funds. On-chain data shows that within this time window, there were four large transfers exceeding 5000 ETH, all flowing to a major...
GateNews2h ago
