Bitcoin panic-selling may be ending as sellers' profit margins disappear
Bitcoin's price has shown resilience despite geopolitical tensions, suggesting that panic-selling may be subsiding as marginal sellers exit the market. Data from spot Bitcoin ETFs and reduced daily selling pressure indicate a potential stabilization, though analysts warn that a full recovery requires stronger spot market demand.
The first is that bitcoin's price held steady over the weekend even as U.S.-Iran hostilities escalated and crude prices spiked on Hyperliquid. That solidity contrasts with March and April, when similar escalations between the two nations and oil rallies sent the largest cryptocurrency sliding.
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in