Bitfinex released a report saying that Bitcoin failed to hold the key support level of $65,580, and the total clearing in the past 24 hours reached $1.16 billion, mainly affecting long positions. Despite bearish market sentiment and sharp declines in Japanese and US stocks, the price is expected to rise slightly to the $55,000 area. However, the overall market direction will depend on macroeconomic factors.
Affected by economic and political developments, widespread market instability is affecting cryptocurrencies and traditional financial marekts. The recent turmoil in the Japanese stock market and losses on Wall Street have highlighted the interconnectedness of global markets. Bitcoin's correlation with traditional financial marekts is increasing, and if the stock market continues to decline, expect continued downward pressure on Bitcoin.
Bitfinex: Overall market direction will depend on macroeconomic factors
2024-08-05 16:08:24
Bitfinex released a report said that bitcoin failed to hold key support leveldesk3cryptocurrencydesktopCrypto News
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