😱The red color is dominating the cryptocurrency market today.
😥BTC has sharply dropped from 76k to 69.6k in just 3 days, continuing to lose more than 4.23% today (at the time of writing) and the downward trend has not stopped yet. Gold has also been pulled down, creating a widespread risk-off feeling.
💣The main reason comes from the escalating tensions between Iran and Israel. Israel has attacked key energy facilities in Iran, including the South Pars gas field. Iran has responded fiercely with missiles targeting Israel and Qatar's gas facilities. Both sides are still escalating, causing the global financial market to experience a noticeable sell-off mentality.
📝Although $BTC and gold is on fire, the price of USDT P2P in Vietnam remains high (around 27,743 VND for 1 USDT) indicating that the demand for stablecoins domestically is still very strong. Many are viewing this dip as an opportunity, so they are converting VND to USDT to wait to buy BTC, $ETH , $XRP at a better price. Additionally, in the context of geopolitical instability, some also want to hold USDT as a capital defense instead of VND or gold at this time.
❓❔The market is quite interesting right now but also full of risks. Are you selling coins for USDT or have you already bought the dip?
#BTC #BinanceSquareWithYou #creatorpad
