“Bybit” and commercial tensions exacerbate digital currencies

An economic report said that investors are heading towards extreme caution in the digital currency market, which is witnessing a state of violent fluctuation in light of the increasing global economic fluctuations, with an aggravated state of uncertainty.
According to the report, this was clearly reflected on the index of fear and greed for digital currencies, which decreased sharply from 55 (neutral) to 21 (severe fear) in less than a week, indicating a state of extreme anxiety among investors.
The report attributed the sharp decline in the digital currency market to several major factors, most notably: the security penetration of the Bybit platform, which increased concerns about the safety of trading platforms, in addition to the increasing commercial tensions between the United States on the one hand, Mexico and Canada on the other hand.
He explained that this threw its shadow over the financial markets in general, and led to the reluctance of investors for high -risk assets, especially digital currencies.
According to Simon Peters, a digital currency analyst in Itoro, “Bitcoin was showing flexibility until it reached the level of $ 92,000, which has been support since November 2024.”
He added: “It seems that the hack under this level has led to a series of liquidation operations, which increased the low pressure on the price.”
This decrease comes amid a state of uncertainty in the market in general, and Peters believes that further decline may occur based on historical trends.
He continued: “If we look at the previous emerging markets of bitcoin, we often find that there are 25-35 % bounces before you find the price base and start the upward direction again.”
He said: “Currently, we are 20 % decrease from its highest level ever at 109,300 dollars. A 35 % decrease may lead bitcoin to about $ 70,000, although this is not certain.”
Despite the current fear, Peters encourages long -term investors to maintain a long -term perspective. “While the large price movements may be worrying, it is normal in any category of assets. It must be remembered that bitcoin is still 70 % higher than it was a year ago,” stated.
For investors who have liquidity and have long -term confidence in Bitcoin, this correction may represent an opportunity to enhance their property.