The crypto market has recently experienced a significant crash, influenced by several key factors:
1. 🌍 Geopolitical Tensions: The ongoing Iran vs Israel conflict has created uncertainty and instability in global markets.
2. 📉 Fear of Global Recession: Widespread fear of a potential global recession in 2025 has led to downturns across all markets.
3. 💸 Major Asset Movements: Genesis Global's move to repay creditors after its bankruptcy resulted in the transfer of $1.5 billion in Bitcoin and Ethereum, causing Bitcoin's price to drop by 2.2%.
Important Note:
🚨 Don't worry! It's crucial to avoid future trades for now and focus on SPOT buying of Ethereum and Bitcoin. This strategic move ensures you stay safe during these turbulent times.
Additional Insight:
We had already informed you about Bitcoin's price action, with BTC being rejected from resistance levels.
Stay strong and best of luck! 💪
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