Crypto money markets were the scene of a harsh fluctuation in the US session. Markets that start the day positively, Bitcoin in the afternoon $105,965.78With the rapid decline in the price of the price, an unexpected direction changed. The price of Bitcoin declined from 106,500 dollars in a few hours and went below 103,000 dollars. Bitcoin continued to be traded around 103.200 dollars by regaining some of the loss during the day. In the last 24 hours, there was a decrease of approximately 1.2 percent of Bitcoin.
Sharp regression in subcoins
The fluctuation in the market is not only limited to Bitcoin. Other large crypto beings came up with more significant losses in this process. Ethereum $2,546.47‘s value, only 9.5 percent of a period of 9.5 percent decreased to $ 2,372. Meanwhile, the Ethereum trading volume reached almost 800,000 ETH, reaching an average hourly volume of approximately eight times. Solana, Dogecoin
$0.170528 and CARDANO
$0.600899 The values of crypto assets such as decreased by 3 to 5 percent in the same time interval.
The sudden price movement in the market caught many investors unprepared. In the derivative transactions with digital assets in central crypto exchanges, a total of approximately 450 million dollars of position has been announced. Most of these liquidations were long positions opened with the expectation that the price would rise and corresponded to about $ 387 million.
Unexpected fluctuations and macro risks
Just before the harsh fluctuation, an external reason could not be determined. US stock markets showed only slight decreases during the day. Analysts stressed that the ongoing tension between Israel and Iran continues to create a decisive risk element on the market, but the price movement did not occur for a direct reason.
In the analysis of market data, the effect of global economic and geopolitical uncertainties on crypto asset prices draws attention. In particular, the risks that unexpected price changes can create on investors are raised.
Investor instability in Bitcoin
Bitcoin continues to follow a horizontal course in the short term. Recently, the price of Bitcoin is fluctuating around $ 100,000 to $ 110,000 and is consolidated just below this level. Investors are indecisive as to whether Bitcoin can go to exceed $ 110,000 again or decline to the $ 90,000 band.
James Toledano, Unity Wallet Operations Director: “Bitcoin will go over $ 110,000 again or whether the decline in the $ 90,000 band is not surprised at all, because this market reveals the general instability of the market and investors.”
“The current Bitcoin stagnation reflects a market between the positive expectations of the market in the long run and the short -term macroeconomic and geopolitical uncertainties.”
Crypto currency investors are advised to be prepared for complex and sudden price movements and be careful about managing risks. Experts’ assessments indicate that the volatility in prices may continue in the coming period. Under the current conditions in the crypto asset markets, investors are advised to act carefully and consciously without making emotional decisions. It is foreseen that the uncertainty and risk level in the markets do not decrease in a steady way and that sudden changes in value may occur from time to time.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.