Bitcoin Crashes: What's Behind the Dip?
Bitcoin has plunged sharply, falling below $103K, as global markets react to rising tensions between Israel and Iran.
This geopolitical fear triggered a broader risk-off move, pushing investors away from volatile assets like crypto.
Additionally, softer U.S. inflation data reduced hopes for an early Fed rate cut, weakening bullish sentiment. Technical resistance near $110K also led to profit-taking, accelerating the drop. With Bitcoin's price closely tied to macro trends and global headlines, traders should remain cautious. Short-term volatility is expected to persist, and key levels around $102K–106K support and $110K resistance should be watched closely.
Long-term investors may view this as a correction, but uncertainty still dominates.
