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I noticed that Bitcoin is currently on the verge of the longest streak of decline since 2022. This is the third consecutive week where the price has been unable to make a strong recovery.
It's clear that geopolitical tensions are increasing pressure on the entire risk asset market. When investors are worried about global conflicts, they first sell off crypto — it's always the first to go. Plus, macroeconomic uncertainty adds fuel to the fire.
It's interesting to see how long the market can withstand this pressure. If the geopolitical situation doesn't change, we may see even deeper declines. So far, it looks like a pure sell-off with no significant attempts at recovery.