Analysis: Bitcoin has technical support near $101,000, but geopolitical news will drive price action in the short term
a day ago
Odaily News Bitcoin fell about 3% today to below $103,000, while smaller cryptocurrencies saw larger declines. ETH fell about 6.9% at one point. "Cryptocurrencies reacted negatively to the news of Israel's attack on Iran, in line with major risk assets," said Caroline Moren, co-founder of crypto derivatives liquidity provider Orbit Markets. "We expect to see technical support around $101,000, but geopolitical news will drive price action in the short term."
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