Best Crypto to Buy Now as Bitcoin Price Crashes Below $103K Amid Israel-Iran Conflict

Early Friday, Israel unleashed a series of air strikes on key military and nuclear sites in Iran, marking a sharp escalation in the long‑running regional tension. This sudden military action rattled global markets, sending Bitcoin tumbling roughly 3% below $103,000 and knocking Ethereum down nearly 7% in Asia‑Pacific trading.

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For crypto investors, these moves underscore how geopolitical shocks can quickly ripple through digital assets, shifting sentiment in an instant. As risks flare on the world stage, identifying the best crypto to buy now becomes a vital part of any strategic playbook.

Bitcoin Plummets as Israel Targets Iran: Global Market Volatility Spikes

As the world moves closer to World War III, with the Russia-Ukraine conflict, the India-Pakistan tensions, and now the Iran-Israel war, global markets have been shaken, causing stocks and cryptocurrencies to plummet while oil prices surged.

In Singapore trading that morning, Bitcoin, the largest digital asset, plunged as much as 3%, dipping below $103,000. Smaller cryptocurrencies suffered even sharper losses, Bloomberg data showed.

As one can observe, the market price dipped below the $103K mark between 4 AM and 8 AM. It is now hovering around $104K, with a market capitalization of approximately $2 trillion.

The macro analysis of the price chart shows that Bitcoin price action hasn’t followed a rising channel since the beginning of May, despite the emergence of two double tops. As of right now, BTC’s struggle is to maintain a position above the support trendline so that the overall pattern moves upwards.

The Cryptocurrency Fear & Greed Index showed a decrease in market sentiment, with the “Greed” sentiment plunging from 71 to 61 over 24 hours.

“Crypto is reacting negatively to news of Israel’s strikes on Iran, alongside other risk assets,” noted Caroline Mauron, co-founder of Orbit Markets, a crypto derivatives liquidity provider. She added, “We see technical support near $101,000, but short-term prices will likely hinge on geopolitical news.”

This conflict has unfolded in two distinct phases during 2024: April 1-19 and the ongoing period since July 31. Remember that initial phase? Back then, Forbes reported Bitcoin (BTC) sinking from $70,000 to $60,000. That drop hammered other major cryptocurrencies like Ethereum (ETH), Solana (SOL), Ripple (XRP), Binance Coin (BNB), and Dogecoin (DOGE), collectively wiping a staggering $500 billion off the total crypto market value.

During Russia’s 2022 invasion of Ukraine, Bitcoin fell 7.9% to $34,324, while smaller tokens plunged around 10.8%, highlighting crypto’s sensitivity to major conflicts. Likewise, U.S.-China trade tensions from 2018 to 2020 saw bitcoin fluctuations and drew institutional interest, fostering the narrative of digital assets as geopolitical hedges.

In 2017, following North Korea’s missile tests, both gold and bitcoin rallied, with gold near $1,326 per ounce and bitcoin briefly surpassing $4,600, reflecting risk‑off buying.

These patterns underscore how geopolitical shocks can drive rapid asset rotations, with investors weighing digital currencies alongside traditional safe havens. In a nutshell, the flight from risk sent crude oil prices soaring over 9%, and gold prices climbed too.

“While we await Iran’s potential response and further developments, risk sentiment is likely to worsen,” warned Tony Sycamore, market analyst at IG. “Traders are scaling back risky positions ahead of the weekend.”

Best Crypto to Buy Now

As geopolitical instability shakes confidence and drives quick rotations out of risky assets, savvy investors are eyeing digital tokens that offer both defensive strength and upside potential. These market shifts highlight the importance of monitoring resilience and timing entries, making it crucial to identify the best crypto to buy now.

Snorter

As the world teeters on what many believe is the brink of World War III, sending the crypto market into chaos, Snorter (SNORT) emerges as a trading bot designed to help crypto traders navigate the overwhelming flow of information. Built on Telegram, it offers automated trading across major networks like Solana, Ethereum, BSC, Polygon, and Base.

With Snorter, traders can set advanced strategies, and the bot will handle the rest, executing trades according to the defined parameters. It frees traders from hours of screen time, allowing them to earn passively.

The project is currently in its presale stage, having raised $600K so far, signaling strong market interest. The early success highlights Snorter’s growing appeal to the crypto community.

While $SNORT is a meme coin, it isn’t just about hype. The project taps into the demand for Solana meme coins but adds real utility and value, wrapped in a fun, memorable brand.

Snorter Bot’s technology is built for precision. It uses sub-second execution and MEV-resistant routing to capture tokens the moment a liquidity pool goes live, ensuring no delays or missed opportunities.

Additionally, Snorter’s on-chain scanner protects traders by detecting rugpulls, honeypots, and stealth traps. If a scam is detected, the bot automatically blocks the trade to prevent damage.

In essence, Snorter is designed for meme coin launches, offering premium features like sub-second swaps, rugpull detection, automated copy trading, and scheduled orders, all integrated into a Telegram-native portfolio tracker.

Solaxy

One thing that’s hitting harder and faster than Israel’s missile attack is Solaxy’s fundraising speed during its presale, consistently breaking milestone after milestone.

With just four days remaining, Solaxy (SOLX) has raised over $48 million in its presale, burning 35,046,000,000 of its token supply as it nears the launch of its Layer-2 solution. The project secured an additional $1 million overnight, adding momentum to its presale push.

Two major updates have further strengthened Solaxy’s position as Solana’s most promising Layer-2. These include a key advancement in cross-chain capabilities and the announcement of a near-term launch, following $SOLX’s listing on major exchanges.

The development team revealed an official partnership with Hyperlane, a cross-chain messaging framework. Hyperlane, which has facilitated over $5 billion in digital asset transfers, will power Solaxy’s new bridge, ensuring secure fund transfers.

Solaxy’s bridge will not only connect to Solana but also integrate Ethereum, offering users of both blockchains an easy way to move assets to Solaxy’s Layer-2 network.

According to one of the well-known crypto YouTubers, 99Bitcoins, Solaxy, the Solana Layer 2 meme coin, is ready to explode.

Best Wallet Token

In recent times, as the market faces upheaval, Best Wallet Token helps ease anxiety by offering exclusive benefits such as reduced fees, early presale access, and higher passive rewards.

Best Wallet Token ($BEST) provides the same simplicity and seamless experience. It’s a non-custodial wallet with no KYC requirements, enabling users to quickly set up an account and begin using it immediately.

With $BEST, users enjoy benefits such as higher staking rewards, lower transaction fees, and enhanced governance opportunities.

The token unlocks access to a next-gen crypto wallet with powerful features, early entry into top crypto presales, and low-cost transactions with cross-chain capabilities.

According to the project’s whitepaper, Best Wallet aims to capture at least 40% of the crypto wallet market by 2026. $BEST will serve as the native token of the Best ecosystem, which includes Best Wallet, Best DEX, and Best Card.

Conclusion

Friday’s airstrikes underscore how rapidly geopolitical tensions can rock even the most liquid crypto markets. As Bitcoin and its brethren make adjustments, this development underlines the increasingly prominent role of digital assets in cross-border risk management and the importance of thoughtful selection.

Investors that achieve a balance of defensive attributes and growth potential will best be suited to navigate these difficulties. Those sitting on the sidelines, contemplating their next step, need to emphasize fundamentals and volatility thresholds in order to determine the best cryptocurrency to buy now.

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.

Nikolay

Nikolay is a crypto enthusiast, with a keen interest in emerging technologies and investment strategies. He holds active positions across various crypto exchanges, regularly analyzing and investing in promising new projects and meme cryptos. Nikolay is known for his ability to take calculated risks and extract value from unconventional investments, with his highest return being 13X with the $PEPE token. His investment philosophy includes a strategic approach focused on long-term growth, supported by in-depth research of market trends and innovations in crypto and blockchain technologies. Niki actively monitors global market changes and has a deep understanding of cryptocurrency mechanisms and their potential for development.