Macroeconomic Aftershock: The BTC $70,000 Defense Battle Under the Shadow of War
Due to the ongoing escalation of the Middle East conflict, the cryptocurrency market has shown significant risk-averse sentiment this weekend.
As of this afternoon, BTC is reported at $68,131, with a drop of about 4.37% in the past 24 hours.
Investing.com analyzed today that, due to the lack of peace prospects in the Iran conflict, global risk assets are being sold off. After BTC fell below $70,000 on Thursday, it is currently undergoing intense tug-of-war around this psychological level. Analyst David Grider believes that unless there is a substantial improvement in global liquidity, it will be difficult to reverse in the short term.
BTC
67,400.01
+0.88%