Bitcoin (BTC) is grappling with the fallout from escalating tensions between Iran and Israel, which have cast a shadow over risk assets this week.<\/p>\n\n\n\n
The world’s largest cryptocurrency experienced a 3.4% decline against the US dollar on Monday, closing at $63,318, marking its lowest closing price in nearly a month.<\/p>\n\n\n\n
Today, Bitcoin has shown some signs of stabilization, although the BTC\/USD pair saw a marginal 0.15% decrease to trade at $63,219 at the time of writing.<\/p>\n\n\n\n
Subdued performance in exchange-traded funds (ETFs) has contributed to short-term bearish sentiment, with data indicating two consecutive days of outflows.<\/p>\n\n\n\n
Bitcoin’s retreat from its all-time high in March comes just ahead of the next Halving event scheduled for Friday.<\/p>\n\n\n\n
In a research note from JPMorgan (NYSE:JPM), analysts suggested that “recent weakness offers an attractive entry point,” not only for bitcoin but also for bitcoin mining stocks offering appealing relative valuations.<\/p>\n\n\n\n
Ethereum (ETH) concluded Monday 1.7% lower against the US dollar following a volatile session where the ETH\/USD pair fluctuated by 4.5% between intraday highs and lows.<\/p>\n\n\n\n
Currently trading at $3,085, the pair has maintained stability after a flat morning session.<\/p>\n\n\n\n
Bitcoin is down 10% week-on-week compared to Ether’s 15% dip.<\/p>\n\n\n\n
In the broader altcoin market, Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) tokens have all retreated by over 20% week-on-week, while BNB has remained relatively steady with a 5.6% decrease.<\/p>\n\n\n\n
The global cryptocurrency market capitalization presently stands at $2.31 trillion, with bitcoin dominance at 54.1%.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin (BTC) is grappling with the fallout from escalating tensions between Iran and Israel, which have cast a shadow over risk assets this week. The world’s largest cryptocurrency experienced a 3.4% decline against the US dollar on Monday, closing at $63,318, marking its lowest closing price in nearly a month. Today, Bitcoin has shown some …<\/p>\n","protected":false},"author":9,"featured_media":99111,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[9231,10711],"class_list":["post-99960","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin-price","tag-halving"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/99960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=99960"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/99960\/revisions"}],"predecessor-version":[{"id":99961,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/99960\/revisions\/99961"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/99111"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=99960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=99960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=99960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}