Mohammed Ib
--
Bearish
📉 Why is the cryptocurrency market declining? A drop in ETH, Pi, and XRP by 9%
The digital currency market has seen notable downward movements over the past 24 hours, influenced by geopolitical and technical developments, alongside massive liquidations in leveraged positions.
🔍 Key influencing factors:
• Increasing global tensions have led to a wave of "risk aversion" in the markets
• Investors have moved from high-risk assets to safer options like gold and the dollar
• Liquidations exceeding $636 million from futures positions
🪙 How have major currencies responded?
Bitcoin($BTC ): Strong decline before a partial recovery — technical support levels being watched around 100K
Ethereum ($ETH ): A drop of over 10% trading near $2,196
$XRP : A decrease of about 9% to $1.97
Solana, Cardano, Dogecoin: Losses between 7% and 15%
📊 What’s next?
Analysts indicate that geopolitical trends may continue to affect the market in the near term. Key support levels remain in the spotlight for traders, amid high volatility.
📈 Fear and Greed Index:
Currently stands at 40 (neutral), but ongoing tensions may quickly push it towards "fear".
💡 Summary:
Digital markets are going through a sensitive phase, with volatile movements likely to continue until the global political and economic path becomes clearer.
#Binance #crypto #NewsAboutCrypto #MarketPullback #IsraelIranConflict
The digital currency market has seen notable downward movements over the past 24 hours, influenced by geopolitical and technical developments, alongside massive liquidations in leveraged positions.
🔍 Key influencing factors:
• Increasing global tensions have led to a wave of "risk aversion" in the markets
• Investors have moved from high-risk assets to safer options like gold and the dollar
• Liquidations exceeding $636 million from futures positions
🪙 How have major currencies responded?
Bitcoin($BTC ): Strong decline before a partial recovery — technical support levels being watched around 100K
Ethereum ($ETH ): A drop of over 10% trading near $2,196
$XRP : A decrease of about 9% to $1.97
Solana, Cardano, Dogecoin: Losses between 7% and 15%
📊 What’s next?
Analysts indicate that geopolitical trends may continue to affect the market in the near term. Key support levels remain in the spotlight for traders, amid high volatility.
📈 Fear and Greed Index:
Currently stands at 40 (neutral), but ongoing tensions may quickly push it towards "fear".
💡 Summary:
Digital markets are going through a sensitive phase, with volatile movements likely to continue until the global political and economic path becomes clearer.
#Binance #crypto #NewsAboutCrypto #MarketPullback #IsraelIranConflict
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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