#MarketDownturn
🔥 It seems that the market was able to overcome the three reasons that led to the market decline and rebounded well and is now #bitcoin at $56900 levels. We note that the reasons for the sharp decline are:
1- The weak jobs report in America sparked fears that the world's largest economy will enter a recession,
2- The Bank of Japan raised interest rates by more than expected at 25 basis points.
3- The escalating geopolitical tensions in the Middle East between Iran and its proxies on the one hand and Israel on the other.
