#Write2Win #tradecoinhtx #IntroToCopytrading #bitcoin_halving

Is this a recovery from the past week or a liquidation reversal

In a dramatic move, Bitcoin has fallen to $60,000, wiping out most of its gains after the Fed cut interest rates. The largest cryptocurrency by market capitalization has fallen 3% in the past 24 hours, as escalating tensions in the Middle East sent shockwaves through markets.

Headlines of an imminent Iranian missile attack on Israel prompted a flight from riskier assets, sending investors to safer havens. This marked a sharp decline from Bitcoin’s previous high of $64,000 during European trading hours. 📉

⚠️ Warning: The situation worsened when the Israel Defense Forces confirmed missile attacks, causing a further drop to $61,000 and eventually Bitcoin fell just above the key $60,000 mark. The drop wiped out almost all of the gains after the US Federal Reserve cut interest rates by 50 basis points in mid-September, reflecting Bitcoin’s vulnerability to global crises.

Major altcoins, including SOL, AVAX, DOT, and NEAR, were hit even harder, falling 5%-10%, while ETH fell 3.8% to just over $2,500. This widespread decline highlights the serious impact of geopolitical events on the cryptocurrency market in general.$BTC

Please note that during this sensitive time, you should not go all in when it is unclear what further market adjustments will occur.