It is interesting that Bitcoin is trading near the level of 74,000. Some people have seen it drop to lower levels, but currently, it is around this range. In fact, the price movements are not solely driven by technical factors; geopolitical developments are also influential. After the attack on Iran's oil refinery in Saudi Arabia, global markets are tense. While U.S. stock index futures are losing value, the crypto market is also affected by this uncertainty. The rise in oil prices is increasing inflationary pressures, which are reflected in risk assets. During such times, a rise in Bitcoin's value is not expected, but investors are reviewing their positions. We may see more short-term volatility, especially if tensions in the Middle East continue.

BTC-0.71%
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