$BTC Reasons for the decline in cryptocurrency prices today:
1. Geopolitical tensions in the Middle East
The escalating tension between Israel and Iran, including reciprocal attacks between the two sides, has led investors to reduce their exposure to high-risk assets like cryptocurrencies, resulting in a market downturn.
2. "Reckless halt" approach of the US Federal Reserve
The Federal Reserve indicated that it is halting interest rate hikes but may remain hawkish in the future. This has increased uncertainty among investors, leading to a flight to safe havens and decreased demand for cryptocurrencies.
3. Comprehensive liquidation of derivative positions (Liquidations)
Significant liquidation movements have been recorded in cryptocurrency contracts, especially the closure of long positions, creating additional selling pressure on the market.
4. Technical reasons (Technical correction)
The cryptocurrency market is undergoing a correction phase after a strong rise. Traders are monitoring resistance levels (such as ~105–108 thousand dollars for BTC) and support levels, trading within a defined range that has achieved moderate volatility today.
BTC
103,607.37
-0.71%
5. Intrinsic volatility and proximity to psychological levels
Cryptocurrencies are characterized by their high volatility, and often react sharply when approaching important price levels (psychological or technical), increasing the likelihood of sharp corrective trades.
Geopolitical: Middle East tensions → Aversion to risk
