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Bitcoin fell 2% to $68,500 in Tuesday morning trading. This movement was completely wiped out by the short rise on Monday above $70,000. The geopolitical pressure drives the sale process, not the market base.
The market quickly confirmed that the short rise is the result of buying pressure on sellers and sellers are constantly upgrading the structure.
deadline on Tuesday triggers risk avoidance in the markets
According to the Bencrypto website, the deadline set by Trump for Iran to call for an extended military strike – went from a threat to an imminent reality overnight. The Hill website reported that Tehran rejected the proposal to end the ceasefire, which was put forward by the United Nations, to end the ceasefire with the lifting of sanctions, reconstruction commitments, and a permanent end to hostilities. استجابت السواق بحذر واسع عبر اسول حساقة.
Oil rose above $113 per barrel with Trump threatening to target Iranian ports and airports by Tuesday evening. Gold rose to 4,654 dollars per ounce as investors focused on the future. Digital currency markets partially recovered, with bitcoin again approaching 68.95 dollars and ether recovering to 2.115 dollars.
B&B fell 0.6% to $600, and XRP fell by the same amount, down $1.32 in 24 hours. The total market value of global digital currencies is close to 2.44 trillion dollars, a decrease of 2%. Still the wave of the rise on Monday, which was built on more than 145 million dollars of partial production according to Coin Glass data, is the main price driver – and it was not followed by the head of the index.
Bitcoin is familiar
Bitcoin has failed to break the $70,000 level several times since late February, as Iran-related conflicts hit risk appetite for the first time. Every rise at this level attracts profits and hits a weak spot. became the expected pattern.
The Strait of Hormuz is now at the center of ceasefire negotiations. Any prolonged disturbance in energy supply measures may darken the economic outlook for energy savings. You will receive digital currencies, which still move in close harmony with the principles of Al-Mukhā, Al-Mukhā, without pressing directly.
