Cryptocurrency #البيتكوين suffered a severe blow today, dropping below 103 thousand US dollars after peaking at 106 thousand US dollars, causing significant market disruptions and liquidations of cryptocurrencies exceeding 450 million US dollars.
Geopolitical tensions - particularly Israeli airstrikes on Iran - along with uncertainty regarding Federal Reserve policy, fueled the wave of selling. While Bitcoin has recovered slightly to around 103,200 US dollars, bearish signals and fading upward momentum indicate continued pressure on the cryptocurrency market.
Traders are closely monitoring the global instability that is shaking investor confidence.
