The broader cryptocurrency market continues to fight amid the escalating geopolitical and economic pressure.
The Bitcoin price has lost about 3 % a day, while the main altcoins such as Ethereum, Solana, Cardano and others fee significantly.
Bitcoin price decreased about 103 thousand dollars
Bitcoin is planning a 3 % loss during the past 24 hours, as it appears to be a wider sale in the encryption market.
As shown in the graph below, the price decreased from about 106,000 dollars to the lowest level of the day at 102,400 dollars before the bounce and stability in the place where it is trading at the time of writing this report.
like Cryptopotato However, the common theme between the majority of analysts and cryptocurrency experts is that the trading of bitcoin prices at a price of about $ 100,000 indicates institutional domination, not fomo.
This indicates that it has much more power because institutions are less likely to sell during temporary and sudden withdrawals such as this current.
However, at the same time, the war between Israel and Iran continues, leading to high oil prices and causing turmoil in stock markets as well.
Altcoins crashes more difficult than BTC
The map of the heat below draws a clear picture: Most altcoins are circulated in red and drawn for applicable losses.
They are some larger encrypted currencies such as ETH, Sol, Ada, DOGE, Hype, Bch, Link and AVAX, and more, they decrease more than 3 % over the past 24 hours.
It is interesting that Bitcoin – the scale, which tracks its share for the rest of the market, rises more than 1 % during the same period.
This indicates that BTC is working much better and that Altcoins is completely unable to take advantage of it. In fact, this seems to be the other topic of the current session.
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