BITCOIN POURS TO $65,000, OTHER CURRENCY DROP 10-20% IN A VOLUNTARY WEEK
👨🦳 In a volatile week, Bitcoin plunged to $65,000, dragging altcoins down by 10-20%. Bitcoin’s impressive 25% gain over the past four weeks has been driven by strong trading activity in North America, but regulatory scrutiny and major economic uncertainty have weighed heavily on investor sentiment.
📈 High funding rates for perpetual futures indicate a highly speculative market in need of regulation. Despite the decline, some sectors are still showing resistance, such as Bitcoin Cash (BCH), which is up 10% after the halving cycle, and continued interest in DeFi and NFTs.
📊 This volatility highlights the risks and opportunities in the crypto market, requiring cautious trading strategies.
💡 Read more at: https://t.me/cryptoanalysisvn/1/1683
