Reported 1 day ago
Bitcoin is seeing a decline as it trades in the crucial support zone between $90,000 and $93,000, with a 2% drop recorded recently due to heightened risk-off sentiment in the market. Key risk assets are struggling as the dollar index rises alongside Treasury yields, following strong nonfarm payroll data. Analysts suggest that Bitcoin could lose this support zone if negative market sentiment persists, with predictions of a potential price drop to $70,000 before a recovery. The overall market is closely monitoring upcoming economic events, including President-elect Trump's inauguration and notable token releases.
Source: YAHOO