Crypto market strategists report: Bitcoin BTC $93,197.26, Ethereum ETH $3,122.64 and Dogecoin DOGE $0.24 rose on news that oil infrastructure remained intact during Israel's attack on Iran. Thus, the flagship of the crypto market rose above $68,000, and Dogecoin rose by 4.2% to $0.1416. Lower oil prices — in particular, a 4.6% drop in the price of WTI oil to $68.48 per barrel — further weighed on the crypto market, prompting investors to actively trade digital assets.
According to analysts, the total liquidation of cryptocurrency positions per day reached $70 million, of which $45 million was short positions. The fear and greed index is at a pessimistic 54 points.
As a reminder, cryptoanalyst Michael van de Poppe predicts a Bitcoin breakout in the next two weeks, expecting the price to reach $90,000-$100,000 by the end of the year. The expert noted that the current cycle for Bitcoin is more complex and may last longer than the usual four-year cycles due to the effects of liquidity and interest rates.
