Bitcoin Plunges Below $77K as Market Sell-Off Grows

 Maximize Profits with Binance Futures Trading:

Free Bitcoin Trading Signals
Binance Futures Trading Bot for Best Automated Trades
Join Us: Binance Future Signal Telegram – https://telegram.me/binancefuturesignal

The liquidations topped $200 million within an hour once the entire market headed south suddenly.

After jumping past $79,000 on Sunday evening, bitcoin entered the new business week on the wrong foot, slipping below $77,000 in an hour or so as geopolitical tensions returned to financial markets.

The decline came amid renewed fighting between the United States and Iran, following nearly a month of relative calm as the US reportedly focused only on increasing economic pressure. US Forces struck two Iranian launchers on the island of Larak on Sunday, while the latter retaliated with strikes against military targets stationed in Jordan.

US President Trump’s AI video of how Kharg Island, Iran’s key oil region, is being “blown to smithereens” didn’t help defuse the situation either.

Oil Up, Asian Markets Down
Brent crude reacted immediately with a near-3% surge to over $90 per barrel, reviving concerns about another energy-driven inflation shock. This is particularly worrisome following Fed Chair Kevin Warsh’s hawkish speech at Jackson Hole on Friday, as higher oil prices deteriorate the inflation picture.

In contrast to oil, Asian stock markets headed south after the attacks went public, with Japan’s Nikkei falling by roughly 2%. South Korea’s Kospi and Chinese equities also turned red, while US and European stock futures followed suit. The Japanese yen weakened beyond 160 against the greenback.

Excellent 140% Profit on #CHIP/USDT

Binance Futures platform shares the same infrastructure as their spot trading exchange, Binance.

Integrating our Cornix trading Bots with your Binance Futures account is quick and easy. It takes only a few minutes to configure, and you never need to grant withdrawal permissions.

Use the Binance Futures Cornix Trading Bot to Make Daily Profits.

Comments

Popular posts from this blog

Charles Schwab Expands Crypto Access With BTC and ETH Trading

Open Interest Increase Spurs Bitcoin Price Target of $71.5K

Crypto Market Cap Gains $90 Billion !