47 Days
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المشهد العربي
Cryptocurrencies Decline Amid Increasing Geopolitical Tensions
The cryptocurrency market experienced a decline due to escalating geopolitical tensions between Washington and Tehran, with Bitcoin dropping over 2% to fall below $63,000, recording an approximately 1.6% weekly loss. Ethereum's value also decreased by 2.42%, and Ripple by 1.32%. Despite these pressures, JPMorgan Bank indicated supporting factors such as a strategic company boosting its cash reserve to $3 billion and continued inflows into the Bitcoin futures market, which might help mitigate the severity of declines in the medium term.
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