🔎 Cryptocurrency market of recent days: what do the charts show?
Over the past week, Bitcoin has fallen by approximately 8%, Ethereum by 10%, and other altcoins also show declines from 7 to 15%. Trading volumes have decreased by 12-15% — this data is from CoinMarketCap and TradingView.
Such a decline is not a record, but significant. The media almost unanimously state: the reason is the military conflict in the Middle East, the threat of oil route blockades, and the pressure of sanctions.
🌍 Geopolitics is a noisy but secondary factor
Yes, the conflict between the USA, Iran, and Israel created a wave of nervousness. This added fear to investors but is not the root cause.
Why? Because the cryptocurrency market has been 'overheated' for several months. A massive influx of money, excessive speculation, and hype have heated the market to a state where any serious 'cooling' was bound to cause a drop.
Geopolitics has become just 'loud noise' in the background, against which the market decided to take a pause.
📉 Overheating and correction: classic for crypto
Over the last 6 months, prices have risen by more than 40% without significant corrections. This inevitably ends with a typical correction — the market cools itself.
Traders who were counting on constant growth began to take profits. This triggered domino sales and price declines.
⚖️ The market as a living organism
The cryptocurrency market does not depend solely on external events. It is a complex mechanism where emotions, speculation, news, and technological trends intertwine.
And while wars and conflicts keep the media on edge, the market continues to live its own life.
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🎯 Conclusion: the cryptocurrency market has declined not due to geopolitics but due to a long-awaited correction after overheating. Geopolitics is merely a backdrop that amplifies emotions but does not drive movement.
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