đ„ It seems that the market was able to overcome the three reasons that led to the marketâs decline and rebounded well, and now #bitcoin is at $56,900 levels. We note that the reasons for the sharp decline are:
1- The weak jobs report in America has ignited fears that the largest economy in the world is entering a recession.
2- The Central Bank of Japan raised interest rates by 25 basis points more than expected.
3- The escalating geopolitical tensions in the Middle East region between Iran and its proxies on the one hand and Israel on the other.