Is Bitcoin Done Falling? Market Metrics Say the Worst May Be Over

Is Bitcoin Done Falling? Market Metrics Say the Worst May Be Over

Bitcoin (BTC) has been consolidating over the past few days following a significant correction triggered by geopolitical tensions last week. As the consolidation continues, analysts at the crypto exchange Bitfinex have found reasons to believe that the digital asset may have hit its bottom for this correction. According to the latest Bitfinex Alpha report, market behavior, historical data, and certain metrics, such as Bitcoin Net Taker Volume, s…

How Bitcoin Reacts to Geopolitical Conflicts: A Look at Recent History - Bitcoinsensus

The Middle Eastern conflict between Iran and Israel has sent a load of uncertainty into financial markets. Just today, over $135 billion was wiped from digital assets as investors assess the risks of a major conflict, especially if the U.S. actively takes part in it. Historically, uncertain times have led investors to stock up on gold. In fact, they’ve been doing just that. Since the news broke, Gold has surged to its second–highest price agains…