India, March 22 -- Crypto markets opened in red on Saturday with Bitcoin down 2.3% at the time of writing, as per CoinDesk. This comes amid the US-Iran tensions and has left many worried.

Today's markets opened in the red after the poor performance yesterday. Bitcoin briefly slid below $70,000 on Friday, even as inflation fears tied to the US-Iran tensions rattled market sentiment.

Experts weighed in on the crash.

"Crypto market sentiment has deteriorated again. The persistence of extreme fear suggests that positioning remains defensive, even as some market participants anticipate a relief rally," analysts at venture capital firm Tagus Capital said as per Bloomberg.

Another person claiming to be a Bitcoin analyst, tied the crypto cras...