Bitcoin And altcoins It exhibits very volatile movements while trying to overcome the downward wave that started over the weekend.
at this point BTC Largest altcoin above $64,000 Ethereum While trying to hold on above $3,000, an analyst ETH He argued that the downward trend may continue.
Speaking to Coindesk, Singapore-based Presto senior analyst Jun-young Heo first evaluated the current situation of the cryptocurrency market.
Here is the analyst who draws attention to the tension between Iran and Israel. “Unexpectedly higher US treasury yields, a stronger dollar, and tensions and geopolitical risks in the Middle East have put pressure on cryptocurrency markets.” said.
Apart from the selling pressure due to negativities, the decrease in expectations regarding ETFs is also evident. Ethereum Stating that it had a negative impact on the price, the analyst said that other catalysts were needed for the rise.
“It will take some time or other catalysts rather than the usual events to get going again.”
*This is not investment advice.
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