CandleFocus Why Is Bitcoin Facing a Price Fall?
2024-09-30
Author: Content Editor
The price of Bitcoin dropped over 3% on Monday as investors engaged in panic selling due to upcoming macro events in the US and geopolitical tensions in the Middle East. Approximately $200 million worth of cryptocurrencies was liquidated, with $150 million from long positions. Despite this, other major altcoins are displaying more resilience and resistance to falling prices, likely due to the prevailing sentiment of altseason.
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