Crypto crash to end soon? Recovery possible, key indicators show
The crypto crash accelerated this week, with Bitcoin (
$BTC ) price plunging to $60,500, its lowest level since October 2024, and the market capitalization of all coins moving to $2.2 trillion.
Why the crypto crash is happening
The ongoing crypto market retreat is influenced by a mix of global economic concerns and investor sentiment. Rising tensions between the U.S. and Iran have added uncertainty, with both sides issuing warnings that any escalation could impact the region and potentially affect oil prices. However, there are n