This week, Bitcoin showed high volatility amid global geopolitical dynamics. After briefly breaking the psychological level of $80,000 in early May, the price retreated back to around $79,000 due to increased tensions between the United States and Iran. The rejection of the peace proposal triggered a risk-off sentiment, causing investors to tend to shift capital into safer assets.



Although pressured, Bitcoin's fundamentals remain supported by institutional inflows through ETFs reaching hundreds of millions of dollars. Analysts note a strong correlation with the US stock market and gold. Currently, the market is in a consolidation phase, awaiting regulatory clarity on cryptocurrencies in the US, which could serve as a positive catalyst for future price movements.

#BitcoinFallsBelow80K #GateSquareMayTradingShare
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Nathzz
· 6h ago
DYOR 🤓
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