🌕 Bitcoin flirts with $110K but ends the week down amid geopolitical concerns. 🌏
☝️ Bitcoin (BTC) finished the week just below $105,000, having briefly reached the $110,000 mark, but faced downward pressure due to escalating geopolitical tensions in the Middle East.
✳️ BTC Ends Turbulent Week Practically Unchanged
After flirting twice with the $110,000 mark, bitcoin (BTC) ultimately concluded the week practically unchanged, sitting just below $105,000.
Its upward trajectory was significantly limited by a confluence of rising geopolitical tensions in the Middle East, marked by direct exchanges between Israel and Iran, alongside “disappointing” Consumer Price Index (CPI) data.
Meanwhile, the Central African Republic (CAR) token led the biggest losses of the week, falling 59.4% to $0.03601. On June 6, the memecoin reached an all-time high of $0.095 after the country’s leader, Faustin-Archange Touadéra, announced plans to launch a platform that would allow investors to purchase tokenized land concessions using the CAR token on Solana.
However, the token retraced in the following two days, dropping to $0.0377 on June 9 before recovering some of the losses. On June 13, CAR, along with the rest of the cryptocurrency market, fell to a weekly low of $0.0287. At the time of writing this article (June 14, 1:30 p.m. EDT), CAR was trading above $0.035
Made DYOR 💡
