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Bitcoin Faces Major Decline Amid Macroeconomic and Geopolitical Tensions | Flash News Detail | Blockchain.News
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8/5/2024 5:13:49 PM

Bitcoin Faces Major Decline Amid Macroeconomic and Geopolitical Tensions

Bitcoin Faces Major Decline Amid Macroeconomic and Geopolitical Tensions

According to @CCData_io, Bitcoin experienced a significant decline over the weekend due to unfavorable macroeconomic news related to the JPY-USD carry trade, geopolitical tensions in the Middle East, and large players liquidating their funds. This series of events triggered a liquidation cascade, causing Bitcoin's price to drop to approximately $48,200.

Source

CCData

@CCData_io

CCData provides top-tier data and index solutions, research and events to support the adoption of digital assets.