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Will Bitcoin Hit $60,000 Amid US- Israel Strike on Iran? Altcoins Also React
Geopolitical tensions stemming from US-Israel strikes on Iran have triggered a sharp downturn in the crypto market. Bitcoin has fallen to $64,000, its lowest since February, with significant liquidations occurring across major altcoins like ETH, BNB, XRP, and SOL. Analysts suggest a potential retracement towards $60,000 for BTC if bearish momentum continues.
Bitcoin slides to $65,000 in weekend sell-off, with solana, XRP, dogecoin down 6%
Bitcoin experienced a significant weekend sell-off, dropping to $65,735, with major altcoins like Solana, XRP, and Dogecoin down around 6%. This pullback erased most of the week's gains, driven by a broader risk-off sentiment in traditional markets, influenced by hot producer-price data and Nvidia's decline. Despite strong institutional inflows into Bitcoin ETFs this week, macro headwinds are currently outweighing positive on-chain signals.
