Well gentlemen take a seat just starting the movie trailers days before the Bitcoin Halving, as we had announced earlier about the volatility and increasing speculation that would assault the Bitcoin price action before and after the Halving is partially being fulfilled.
And I say that volatility and speculation assaulted Bitcoin partially, because I think that even the price action decline is still in a reasonable zone near $60,000, this if we take into account that falling below that level would create a sense of panic and collective distrust.
It has been highlighted that motivated the recent fall of Bitcoin and cryptocurrencies, according to Ana Pereira columnist of the news portal Cointelegraph, "The price of Bitcoin plummeted more than 8.4% on April 13 after Iran launched an attack against Israel, escalating geopolitical conflicts in the Middle East".
In this regard, "The massive sell-off is also affecting other cryptocurrencies. At the time of writing, ETH was down 9.81% to USD 2,927, while SOL plunged 15.96% to USD 129. According to CoinMarketCap data, the global cryptocurrency market capitalization was down 8.19% to USD 2.23 trillion"
According to Bloomberg, Iran launched drones towards Israel on Saturday. The action is in retaliation for an attack carried out by Israel days earlier. Israel attacked a diplomatic compound in Damascus, Syria, killing seven Iranians, including two generals.
SOURCES CONSULTED
Cointelegraph. Bitcoin nose dive as political tensions escalate in the Middle East. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph
