Geopolitical tensions limit Bitcoin's potential to reach new highs

The current escalation of geopolitical tensions has noticeably impacted the cryptocurrency market. The prospects for Bitcoin reaching a new all-time high by July have significantly diminished, decreasing to a 19% probability. Recent price declines amid rising international tensions have created an unfavorable climate for the bullish scenario of the leading cryptocurrency.

Bitcoin’s record probability decreases amid external challenges

According to the analytics platform NS3.AI, Bitcoin’s chances of reaching a new peak have weakened considerably. Geopolitical tensions, along with the current market correction, are exerting pressure on the prospects of an upward movement. Previous highs seem to retreat in the outlook if current risk factors persist.

Gold outpaces Ethereum in the race to $5,000

Interestingly, the traditional safe-haven asset shows greater investor confidence. Gold is approaching the $5,000 level with a 94% probability, significantly ahead of the second-largest market cap token. Ethereum, on the other hand, has only a 6% chance of being the first to reach this psychologically important level. This contrast clearly demonstrates the capital flow into less volatile and more traditional protective assets amid geopolitical tensions.

Zcash enters the zone of uncertainty

The Zcash project has faced additional challenges following changes in the development team. Amid these organizational shifts, market consensus leans toward a bearish scenario. Analysts expect a potential price drop to around $250 rather than an increase to $550. Uncertainty within the team affects investor confidence and adds further pressure on the asset’s price.

The current market situation demonstrates how geopolitical tensions are reshaping investment priorities in the crypto market, favoring more stable assets and restraining the explosive growth potential of volatile tokens.