By Jordan Lyanchev Although it has rebounded by $5,000 since its July 1 low at under $58,000, bitcoin remains in a highly pressured market structure that has halted each major breakout attempt. There are good reasons for that, of course, as multiple factors have aligned to keep it suppressed. Here are five of them. Macro […]
Tag: Iran
By Chayanika Deka Bitcoin stayed under pressure this week after the United States and Iran exchanged air strikes. Market sentiment worsened further after President Donald Trump said the memorandum of understanding and the ceasefire with Iran “is over.” The uncertainty briefly pushed the world’s largest crypto asset close to $60,000 on Tuesday. By Thursday, however, […]
By admin Ethereum recently experienced a modest decline of 0.77 percent, settling at $1,736.57 over a 24 hour period. This downward movement closely mirrors a broader market selloff primarily ignited by escalating geopolitical tensions between the United States and Iran. The sudden shift in risk appetite effectively erased a portion of the asset’s recent weekly […]