Bitcoin Drops Below $65K Amid Iran Tensions
Iran conflict fuels oil prices and bond yields.
1Bitcoin Decline
Bitcoin fell below $65,000 on Thursday, marking its lowest level in three days. The drop was triggered by escalating tensions between Iran and the US.
2Oil Prices Rise
Brent crude prices surpassed $100 for the first time since early June. The Iran conflict caused volatility in global energy markets.
3Bond Yields Increase
US 10-year bond yields reached their highest level in 18 months. This is linked to growing economic uncertainties.
4Fed Rate Decision Awaited
Ahead of the Federal Reserve’s next rate hike decision, the probability of a 0.25% increase rose to 40%. This could negatively impact crypto markets.
5Bitcoin Analysis
Analysts highlight the 21-day moving average as a crucial support level for Bitcoin. Staying above this level could boost near-term upward potential.
6Short-Term Expectations
Bitcoin investors are divided on short-term price movements. Some predict a $73,000 target, while others anticipate further declines.
Original article: Cointelegraph.com News — Bitcoin 65 Bin Doların Altına Geriledi