Bitcoin It dropped to $66,833 in the last 24 hours and we saw new tests for altcoins. However, it is positive that Friday’s sales did not open the door to much larger lows at the end of the week. While regional tension continues, the loss of important support levels shows that risks remain hot.
Bitcoin (BTC)
Iranian officials reported to the United Nations that more than 1,300 civilians have died and thousands have been injured in the attacks so far. The Assembly of Experts has still not been able to elect Iran’s leader in order to fill the authority gap created after Khamenei’s death. Trump implied that the regime could continue as long as the person to be elected gets along well with them. Iran is not a good place for a ground operation regionally, and the US is avoiding a second Iraq incident. Thus Trump’s His biggest role in winning the election was his promise, “I will bring US soldiers home.”
Iranian President Massoud Pezeshkian announced that they will stop missile operations against these countries unless there is an attack from neighboring countries. This announcement could stabilize the oil price because the rise in oil had accelerated now that targeting energy facilities was on the agenda. As of the weekend, attacks were concentrated between Iran and Israel rather than neighboring countries. Iranian Revolutionary Guards announced that they hit a refinery in Haifa, Israel, and the area around Ben Gurion Airport in Tel Aviv with missiles in response to the refinery attack in Tehran.
Following the cancellation decision regarding customs tariffs, the worrying chaos did not begin. China and the EU do not turn this into an opportunity to attack Trump and increase tensions. In fact, launching the Iran attack simultaneously with this development could have caused Trump to react harsher to countries that would act contrary to the tariffs.
Two major risks for Bitcoin are now priced in. customs tariffs and the Iran issue has turned into realized risks, so at this stage, when the headlines of negotiations with Iran start to come, we will start to see the complete reversal of negative pricing. 15% tariffs for 5 months will not cause any problems between the parties, since they are the rates accepted last year. The decline in employment data also shows that interest rate cuts may be returned in the second half of this year. Although Bitcoin will continue its fluctuating course in the short term, the period when pressure increases day by day is behind us. Now, while the pressure on the price is “decreasing” day by day, the graphics can be expected to recover.
Exactly 31 days BTC It does not stay far below $66 thousand, but it constantly tests this level. Although the consolidation process will end at some point, there may still be time for volatility to increase since the previous break lasted 78 days. The upside breakout will occur after gaining $81,300 with closes above $75,000.
Cryptocurrencies Latest Status
His biggest weekly gain is investment from ICE, the company behind the New York Stock Exchange. OKB Coin got it. OKX exchange’s native cryptocurrency continues to find buyers above $100 with a 30 percent gain. While PI Coin increased by 22%, H Coin ranked third among the top 100 cryptocurrencies with an increase of 18%. The total market cap of cryptocurrencies is just under $2.3 trillion and the fear index is at 18. Volumes are weak enough to suit the weekend.
This week’s losers were PIPPIN and STABLE. They lost 40% and 20% respectively. While TRUMP Coin melted by 16%, WLFI also approached it in losses.
