Trump's Move Towards Cuba and Iran War Tensions: Bitcoin Crashes Again
Trump hinted that the US could offer a "friendly takeover" after Cuba was plunged into a serious energy and economic crisis due to US pressure over oil.
Simultaneously, the US increased its military presence in Israel. Escalating tensions with Iran heightened global geopolitical uncertainty.
Bitcoin fell by more than 3%. Markets reacted to the increased global risk. The latest attempt at recovery and the $70,000 target stalled. Bitcoin experienced a sharp drop on February 27th amid escalating geopolitical tensions, and after several days of attempts at recovery, the price retreated back to the $65,200 level. This decline occurred as US President Donald Trump raised the possibility of a “friendly takeover” of Cuba, while Washington simultaneously increased its military presence in Israel.
These two significant developments created fresh uncertainty in global markets. The cryptocurrency market, which has been trying to find stability for some time, reacted quickly to these developments. Bitcoin has been struggling to reclaim the $70,000 level in recent sessions. However, instead of the expected rise, it is rapidly reversing direction, falling by more than 3% in the last 24 hours, indicating that investors are reducing their risky positions.
In cryptocurrencies, macroeconomic uncertainty manifests itself in two stages: First, liquidity tightens and prices are pulled down. If instability continues, some investors are repositioning themselves, preferring Bitcoin as a safe haven. For now, the effects of the first phase are being felt in the markets.
Volatility is expected to remain high due to escalating geopolitical tensions on multiple fronts. Bitcoin's next move will depend on whether diplomatic efforts can calm the situation or whether the crisis escalates further. $BTC $ETH $GT
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#BTC能否重返7万美元?
Trump's Move Towards Cuba and Iran War Tensions: Bitcoin Crashes Again
Trump hinted that the US could offer a "friendly takeover" after Cuba was plunged into a serious energy and economic crisis due to US pressure over oil.
Simultaneously, the US increased its military presence in Israel. Escalating tensions with Iran heightened global geopolitical uncertainty.
Bitcoin fell by more than 3%. Markets reacted to the increased global risk. The latest attempt at recovery and the $70,000 target stalled.
Bitcoin experienced a sharp drop on February 27th amid escalating geopolitical tensions, and after several days of attempts at recovery, the price retreated back to the $65,200 level. This decline occurred as US President Donald Trump raised the possibility of a “friendly takeover” of Cuba, while Washington simultaneously increased its military presence in Israel.
These two significant developments created fresh uncertainty in global markets. The cryptocurrency market, which has been trying to find stability for some time, reacted quickly to these developments.
Bitcoin has been struggling to reclaim the $70,000 level in recent sessions. However, instead of the expected rise, it is rapidly reversing direction, falling by more than 3% in the last 24 hours, indicating that investors are reducing their risky positions.
In cryptocurrencies, macroeconomic uncertainty manifests itself in two stages: First, liquidity tightens and prices are pulled down. If instability continues, some investors are repositioning themselves, preferring Bitcoin as a safe haven.
For now, the effects of the first phase are being felt in the markets.
Volatility is expected to remain high due to escalating geopolitical tensions on multiple fronts. Bitcoin's next move will depend on whether diplomatic efforts can calm the situation or whether the crisis escalates further.
$BTC $ETH $GT