Quote from: pooya87 on May 30, 2025, 04:19:10 AM

Quote from: thecodebear on May 29, 2025, 05:53:58 PM

With all this happening, it's actually pretty dang surprising Bitcoin only broke it's ATH by a couple thousand dollars and didn't blast off much higher.

In my opinion it is still recession and economic uncertainty that is having a negative effect on the market pushing the price down and preventing its "big rise".

The global tensions are also on the rise again after NATO tried assassinating the Russian president. The there is the tariff war that is causing recession. So when people have no money and things are getting crazier every day, more people tend to liquidate their assets rather than adding to them. Hence the sell pressure.

.... and just like that everything changed overnight!

Lat night around 3 AM the US regime carried out multiple terrorist attacks inside Iranian soil. Multiple apartment buildings were exploded and dozens of civilians are wounded or martyred.

Oil price is up 15% and Iran is preparing to launch retaliatory strikes which will increase it further. That will shoot the inflation up in the West which are the biggest consumers/importers of energy. These tensions that US regime "inflated" will also disrupt the global markets as well and depending on the scale of this conflict we could see significant effect on bitcoin price as well...