Why Bitcoin Price May Fall Below $60000?
The post Why Bitcoin Price May Fall Below $60000? appeared on BitcoinEthereumNews.com.
Bitcoin price witnessed a much-needed recovery to $70,000 amid FOMO related to ‘Uptober’ rally. However, the positive sentiment among bulls built after breakouts on technical charts, US Fed rate cuts, and Donald Trump’s re-election odds has now faded amid the latest concerns. Bitcoin fell to hit a 24-hour low of 65,521 as Israel carried out retaliatory attacks against Iran and WSJ claimed the US DOJ is investigating USDT stablecoin Tether. Why Bitcoin Price Risks Slipping Back to $60,000? Market Sentiments Faltered Amid Rising Geopolitical Risks Israel conducted precise and targeted strikes against military targets in Iran. With over 100 aircraft involved, the strike was conducted in response to attacks by the Iranian regime against Israel and its citizens in recent months. “I can now confirm that we have concluded the Israeli response to Iran’s attacks against Israel. We conducted targeted and precise strikes on military targets in Iran — thwarting immediate threats to the State of Israel,” said IDF Spokesperson RAdm. Daniel Hagari. “I can now confirm that we have concluded the Israeli response to Iran’s attacks against Israel. We conducted targeted and precise strikes on military targets in Iran — thwarting immediate threats to the State of Israel.” Watch IDF Spokesperson RAdm. Daniel Hagari talk about the… pic.twitter.com/1OOss3etpV — Israel Defense Forces (@IDF) October 26, 2024 The world condemns Israel’s operation in Iran and calls for restraint and a ceasefire. The US government has pushed for ending the war before the elections. US Secretary of State Antony Blinken tried to get Prime Minister Benjamin Netanyahu of Israel to envision a plan to end the war. Meanwhile, Donald Trump has vouched to end the Russia-Ukraine war. Putin welcomed the remarks during the BRICS Summit, stating “He’s being sincere.” Trump has taken a spectacular lead to Democratic presidential candidate Kamala Harris…
Filed under: News - @ October 26, 2024 12:08 pm