Iran's Cryptocurrency Transactions Decrease by 11% Due to Israel Conflict and Nobitex Hack
Decline in Cryptocurrency Trading: Iran's cryptocurrency market experienced an 11% drop in trading flows in 2025, attributed to escalating tensions with Israel and a significant hack affecting local exchanges.
Impact of Recent Events: The most substantial decline occurred during June and July due to the collapse of nuclear talks, a brief war with Israel, and power outages, which were exacerbated by Israeli cyber operations and government shutdowns.
Major Exchange Hack: Nobitex, Iran's largest crypto exchange, suffered a $90 million hack by a pro-Israel group, leading to decreased liquidity and prompting users to turn to riskier foreign exchanges.
Continued Reliance on Crypto: Despite challenges, many Iranians still depend on cryptocurrencies as a hedge against inflation and sanctions, using stablecoins for transactions and even political purposes, although illicit activities represent less than 1% of total volume.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36137.94 | 48068.97 | 60407.96 | 72338.99 | 84677.98 | 96609.01 | 108948 |
| Fibonacci | 48068.97 | 57340.118 | 63067.842 | 72338.99 | 81610.138 | 87337.862 | 96609.01 |
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