Bitcoin reportedly fell yesterday because of the Ledger news, after more than 6.6 million in bitcoin was stolen from a cold wallet.
The price drop is mainly due to a wave of risk aversion in global markets, triggered by escalating geopolitical tensions in the Middle East, rising oil prices, and a more restrictive stance from the Federal Reserve amid persistent inflation. These factors led to massive outflows from cryptocurrency ETFs and triggered a cascade of forced liquidations of leveraged positions worth more than $1 billion in the crypto market, dragging down both Bitcoin and other tokens.
Do you think it’s going to fall to 79,000?
The price drop is mainly due to a wave of risk aversion in global markets, triggered by escalating geopolitical tensions in the Middle East, rising oil prices, and a more restrictive stance from the Federal Reserve amid persistent inflation. These factors led to massive outflows from cryptocurrency ETFs and triggered a cascade of forced liquidations of leveraged positions worth more than $1 billion in the crypto market, dragging down both Bitcoin and other tokens.
Do you think it’s going to fall to 79,000?