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📣 The impact of the Bybit platform hack on the crypto market!
Financial markets are affected by news, but to varying degrees of importance, severity, and impact. The recent negative news about the Bybit platform hack ☄️ - one of the leading platforms in the world of digital currencies - is strong news that may affect the course of the market. However, if there is a motive for Bitcoin to collapse, there will be no stronger catalyst than this hack.
📉 Market absorption of the news:
Usually, markets need some time to absorb negative news. As the days pass, the negative impact gradually decreases, and the market is expected to overcome the repercussions of this event in the coming days. Monday and Tuesday may be decisive.
📊 Market Overview:
🔸 Maintaining the support of $ 95,000 is necessary to avoid further decline.
🔸 Confirmation of the end of the correction requires a daily close above $105,000 to regain the bullish momentum and break the sideways range.
🔸 The US market closed with a correction, which could lead to high volatility over the weekend.
Question for you:
Do you think Bitcoin will overcome this negative news quickly?
😨 The impact will last for some time
😭 It will lead to a bigger pullback
#كربتو Ripto
#بيتكوين Win
#bybit