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I noticed that Bitcoin has experienced a significant decline recently. The price has fallen below $71,000 and is currently moving around $73,700. As market analyst Sam Esmail also pointed out, tensions in Iran and the lower-than-expected inflation data from the US are the main factors behind this decline.
In the past 24 hours, we saw approximately a 1% loss. Many traders are paying attention to this because geopolitical risks can significantly impact the crypto market. Especially when macroeconomic data comes out weak, investors tend to move away from riskier assets.
Market observers like Sam Esmail emphasize that such external shocks increase Bitcoin's volatility. For now, support levels are becoming more important. Let's see what kind of movement will happen in the coming days.