King cryptocurrency The unit fell below $60,000 again following increasing war noise and the latest US data. Although investors have gotten used to rapid losses following a gradual rise for 6 months, this situation significantly undermines the risk appetite. Losses exceeded 5 percent in some altcoins.
Bitcoin Falls
For the first time since September 18 BTC price It fell below $60,000. After exceeding $66,500, the bulls lost momentum as the sellers stepped in again and could not prevent the decline triggered by Iran’s missiles. BTC, which has fallen 10 percent from the local peak to date, now finds buyers at $60,400.
The continuation of such support tests and the failure to maintain the $61,700 level is a red flag for altcoin investors. Losses in altcoins are much higher as investors who cannot afford the possibility of a drop to $ 53,000 again prefer to stay on the sidelines. XRP Coin In particular, the appeal caused the price to drop by 10 percent in 24 hours, reaching $0.52. Whales who had been buying for days had seen a good selling opportunity with the Bitwise ETF news, and right on top of this, the SEC’s appeal triggered the expected end.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
