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Crypto

Crypto Market Slumps Amid Tensions and Oil Price Hikes

Guavy AI Editorial Team
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BTC ETH
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The crypto market cap fell by 1.18% in the past 24 hours, marking a downward trend for major assets Bitcoin and Ethereum, which dropped by 1.35% and 1.85%, respectively.

This decline coincides with the end of Bitcoin's longest streak of spot ETF inflows in nine months, amidst rising US-Iran tensions and higher oil prices that have increased market fear.

Large long liquidations suggest traders betting on upward momentum are exiting, reinforcing a bearish trend. Analysts warn that if sellers dominate, prices may retest the $57,800 level, signaling further downside ahead.

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