đ **Bitcoin Takes a $4,000 Dive Amid Middle East Tensions!** đ
Bitcoin's price plummeted nearly $4,000 in less than 24 hours following an Iranian missile strike on Israel. The king of crypto was trading just over $64,000 but nosedived to around $60,000. However, it has since bounced back to approximately $61,700 during Wednesday morning trading in Asia.
đ **Market Sentiment Shifts** đ
The Bitcoin Fear and Greed Index has swung from 'greed' to 'fear,' now sitting at 42 â Neutral. But don't panic! This kind of volatility isn't new for Bitcoin, especially during geopolitical tensions.
đĄ **Stay Optimistic** đĄ
Veteran traders and analysts remain unshaken. Bitcoin is still within its six-month range-bound channel. Some predict another dip before a potential rally later this month.
đ **Crypto Market Overview** đ
The entire crypto market felt the shockwaves, with total capitalization dropping 4.7%. Ethereum and other altcoins also took a hit. But remember, it's the same old storyâpanic selling from those with little faith in the asset class.
Keep calm and HODL on! đȘ
