Bitcoin's Selling Pressure Intensifies Amid Geopolitical Uncertainty
Bitcoin's recent trading sessions have been marked by a decline in strength, with four consecutive bearish sessions resulting in a nearly 4.0% drop.
This has led to renewed selling pressure across the market, as more stable markets regain attractiveness and demand for risk assets like Bitcoin wanes.
The current environment of geopolitical uncertainty, particularly between the US and Iran, is exacerbating inflation concerns and potentially leading to more aggressive central bank policies.
Central banks may shift towards a more restrictive stance, reducing appetite for risk assets and increasing interest rates in bond markets.