The sell-off in cryptocurrencies continues as the geopolitical situation takes its toll.
Crypto is potentially facing another down day while global markets are still looking relatively unperturbed by events in the Middle East. The major indices in the U.S. closed in the green, while the Hang Seng Index in Asia had another good session overnight.
Bitcoin continues to weaken
Therefore, it remains to be seen why bitcoin is suffering its fifth daily red candle in a row, having come from just under $28,000 last Sunday to its current price of $26,780 on Thursday.
The reason for the hit on crypto could just be that it is still probably viewed as the riskiest of the risk assets, and this is the first one for investors to divest before moving to the other perceived safer assets.
Be that as it may, bitcoin has sold off a little quicker than other cryptocurrencies given that BTC Dominance has fallen the last couple of days. Time will tell whether dominance will continue an uptrend that has been i
We współpracy z: https://cryptodaily.co.uk/2023/10/crypto-on-the-brink-bounce-needed-soon
