Bitcoin and Ethereum prices remain under significant pressure as multiple negative factors threaten to deepen the crypto market downturn this week. The ongoing US-Iran conflict, which began with military strikes in February 2026, continues to weigh heavily on risk assets including cryptocurrencies. President Donald Trump's recent address completely dashed hopes for a ceasefire, maintaining geopolitical uncertainty. Adding to market stress was the weekend revelation of the Drift Protocol hack, where North Korean threat actors from the Lazarus Group successfully infiltrated the Solana protocol and stole $285 million in just 12 minutes. The DRIFT token crashed 40% following the news, and concerns about liquidity outflows are mounting given that Bitcoin and Ethereum already suffer from low liquidity conditions. CryptoQuant has issued a stark forecast warning that Bitcoin could fall as low as $10,000 this year. The combination of geopolitical tensions, major security breaches, and deteriorating market sentiment suggests that the crypto market downturn could extend throughout the week.
Here's Why The Bitcoin And Ethereum Prices Could Keep Crashing This Week
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NewsBTC
Monday, April 6, 2026·5 min read·Markets
Source: newsbtc.com·This article is an original analysis by CryptoFirst based on publicly available information.
#bitcoin crash#ethereum#geopolitical risks#drift hack#market sentiment
Disclaimer: CryptoFirst provides news analysis for informational purposes only. This is not financial advice. Cryptocurrency investments are subject to market risks. Please do your own research before making any investment decisions.
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