#IranIsraelConflict
*Bitcoin Price Analysis ๐*
- *Current Price*: $104,892.22 ๐ธ
- *24-hour High*: $106,252.00 ๐
- *24-hour Low*: $104,488.12 ๐
*Market Trends ๐*
The cryptocurrency market has experienced a decline due to geopolitical tensions in the Middle East ๐. Bitcoin has fallen by over 4% to $104,000 ๐, while Ethereum has plummeted by 9.6% to $2,493 ๐จ. Other cryptocurrencies, such as Solana, XRP, and BNB, have also seen significant declines ๐.
*Technical Analysis ๐*
The chart shows a downward trend โฌ๏ธ, with the current price below the moving averages ๐.
- *7-day Moving Average*: $105,579.99 ๐
- *25-day Moving Average*: $106,759.14 ๐
- *99-day Moving Average*: $106,158.70 ๐
*Key Statistics ๐*
- *24-hour Volume (BTC)*: 10,964.97 ๐
- *24-hour Volume (USDT)*: 1.16B ๐ธ
- *Market Capitalization*: $3.35 trillion ๐
*Investment Insights ๐*
The geopolitical uncertainty has triggered a broad risk-off sentiment ๐, leading to a decline in cryptocurrency prices ๐. Elevated oil prices may also impact investor appetite for risk assets, including crypto โฝ๏ธ. It is essential to conduct thorough research and consider multiple sources before making investment decisions ๐.