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Bitcoin Since the weekend, over the weekend fell to the lowest level when the increasing tensions in the Middle East and updated inflation fears caused a sharp sale in digital assets.
On Sunday, Bitcoin dropped below the $ 99,000 mark – its lowest level more than a month – while at one point the broadcast decreased by 10%, as the digital asset market was the first price growth price. Solana. XRPand Dogecoin There are also steep losses, dragging the entire crypto -complex.
By the end of Sunday, digital assets began to recover. Bitcoin traded slightly less than $ 101,000, and in the last 24 hours decreased by 1% air Collected some losses, from 2.5% to approximately $ 2200.
The sale seems to be a combination of geopolitical shock and macroeconomic concern.
Iran reportedly threatened to block the Hormone Strait – a vital road lane, which processes about 20% of the world’s oil supplies. Jpmorgan warns that full closure can provide oil prices as high as 130 dollars per barrel.
One of the famous macro -research firms What such a spike can send us inflation to 5% – a level that has not been observed since March 2023, when the Fed was still actively raising rates.
There are traders in this forecast that reassemble interest rates – and rotate with speculative assets such as crypto.
While Bitcoin is often located as a hedge inflation, it currently behaves more like a technological stock. According to Kaiko data, the cryBitcoin correlation of Heavy Nasdaq has risen dramatically after the monthly low-periyulum has hit this year, which coincided with an increase in Bitcoin ETF.
It seems that institutional positioning has also changed.
More than 1.04 billion dollars enrolled at Bitcoin ETFs from Monday to Wednesday, last week According to Coinglass. But these tributaries collapsed over the weekend, with zero pure traffic on Thursday and only $ 6.4 million on Friday – coinciding with the president Donald Trump early G7 Departure and an announcement about A two -week review Of us options on Iran.
The technical breakdown added fuel for sale.
Magician Studies show that Bitcoin drop below $ 99,000 has caused forced sales on marine platforms such as Binance and Bybit. At the peak of Sunday, more than $ 1 billion in the crypto paradizi was eliminated within a 24-hour interval, more than 95% come from long rates, emphasizing how the market was overlooked over the weekend.
