11 Hrs
Source:
الاقتصادية
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Bitcoin falls below $83,000 amid risk aversion
Bitcoin prices fell below $83,000, influenced by decreased risk appetite due to escalating tensions in the Middle East and weak results from tech companies, leading to a widespread sell-off in digital currencies. Although ETF fund inflows for Bitcoin have rebounded to reach $1.1 billion since the beginning of the week, and statements have highlighted the currency's resilience, the price is unlikely to surpass the anticipated $85,000 level in the coming days. The currency also declined by as much as 2.4% at the start of Asian trading. The options market showed a preference for hedging against declines, with expectations remaining that confidence will stay limited amid current pressures and global economic conditions.
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