Bitcoin is currently in freefall. According to CoinMarketCap, it is down 11% in the past 24 hours. Ethereum is down 21%. We’ve haven’t seen numbers this bad since the FTX collapse. This time it’s traditional finance that is bringing everything down in the global markets. The slowing economy is creating fear around the possibility of a recession. There is also the escalating situation in the Middle East. Israel is dead set on starting World War 3, and the US will continue with its irrational support of their reckless behavior.
very surprised to see the BTC price minus up to 3% this week, a little doubt if it continues to correct like this whether it will be able to exceed 70k$ in the future,
If war is the basis for a price decline then it can be predicted that BTC will not reach a new ATH