The overall market is quite calm today, with Bitcoin slightly down and altcoins performing a bit weaker.
The attack by Iran on the Israeli stock exchange early this morning further dampened market sentiment, but a recovery is expected tomorrow.
The current market fundamentals remain good, with the Ethereum/Bitcoin ratio staying above 0.02346, and Bitcoin also stabilizing above $102,000.
The panic and uncertainty in the Middle East remain high, as evidenced by the strong performance of USDT.D. We need to see it drop to around 4.70% today in order to alleviate the pressure on altcoins and Bitcoin.
Today is a holiday in Brazil, so I am temporarily away from chart analysis. I will post the latest Bitcoin chart later today.
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Good afternoon!
The overall market is quite calm today, with Bitcoin slightly down and altcoins performing a bit weaker.
The attack by Iran on the Israeli stock exchange early this morning further dampened market sentiment, but a recovery is expected tomorrow.
The current market fundamentals remain good, with the Ethereum/Bitcoin ratio staying above 0.02346, and Bitcoin also stabilizing above $102,000.
The panic and uncertainty in the Middle East remain high, as evidenced by the strong performance of USDT.D. We need to see it drop to around 4.70% today in order to alleviate the pressure on altcoins and Bitcoin.
Today is a holiday in Brazil, so I am temporarily away from chart analysis. I will post the latest Bitcoin chart later today.