Bitcoin dropped to $61,083 following Iran's missile attacks on Israel, causing significant sell-offs in the cryptocurrency market.
Geopolitical Situation Intensifies
Bitcoin’s value sharply declined after reports emerged of Iran launching missile attacks against Israel. These attacks have exacerbated already tense regional conflict, with potential for further escalations.
Impact on Cryptocurrency Market
The cryptocurrency market saw $142 million in liquidations, with 95.77% occurring in long positions. This reaction stems from growing geopolitical risks.
Technical Indicators
Bitcoin’s RSI is at 49.00, and the bearish MACD signal indicates growing downward momentum amid geopolitical instability.
Geopolitical instability continues to significantly affect the cryptocurrency market, and investors should closely monitor these ongoing developments.
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