Cryptocurrency

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/how-us-national-debt-could-influence-bitcoins-value/" data-wpel-link="internal">How US National Debt Could Influence Bitcoin’s Value</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/abdnin-artan-ulusal-borcu-bitcoinin-degerini-arttirabilir-mi" data-wpel-link="internal">Bitcoin</a> price</strong> continues its zigzag path, with high volatility in the last 24 hours causing investor anxiety. They have good reason to be nervous, as everyone vividly remembers the impact of the war between Russia and Ukraine on the markets. The big day is tomorrow, and the latest news indicates that tensions have not yet subsided.</p> 
<h2 style="text-align: justify" id="monday-in-cryptocurrency-markets">Monday in Cryptocurrency Markets</h2> 
<p style="text-align: justify">In a few hours, global markets will start to open, and investors will witness the true scale of volatility. Iran’s attack initiated 24 hours ago caused almost no damage to Israel. Nearly all missiles and drones were destroyed in the air, and now the focus is on Israel’s response to this unsuccessful assault.</p> 
<p style="text-align: justify">Although Iran mentions no further missile launches to reduce tensions, Israel’s situation is different. According to recent reports, the war cabinet has approved defense/attack plans for an unspecified duration. Some sources suggest a response within 48 hours, but the military spokesperson did not mention such a detail in the latest statement.</p> 
<h2 style="text-align: justify" id="crypto-predictions">Crypto Predictions</h2> 
<p style="text-align: justify">US and other markets are closed. Approximately 17-18 hours from now, the US stock markets will open. Investors are looking at <a href="https://en.coin-turk.com/deciphering-the-buy-the-rumor-sell-the-news-phenomenon-in-crypto-markets/" data-wpel-link="internal">Bitcoin</a> prices to see what Monday holds for them, as the market turmoil at the close of Friday suggests a challenging day ahead. While gold-linked stablecoins have surpassed the $2400 level, the melting price of <strong><a href="https://coin-turk.com/bitcoin-btc-yeniden-68-000-dolari-asabilecek-mi-yine-elon-musk-etkisi" data-wpel-link="internal">BTC</a></strong> indicates a potentially tough day tomorrow.</p> 
<p style="text-align: justify">In a feared scenario, the US market opening could lead to voluminous sell-offs in spot Bitcoin ETFs. This situation could cause a drop in the spot price of cryptocurrencies similar to what we experienced on March 20th. The rise in gold-indexed tokens and the fall in <a href="https://en.coin-turk.com/bitcoin-btc-surpasses-26000-levels/" data-wpel-link="internal">BTC</a> suggest that losses in the stock market are also likely.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-340155" src="https://coin-turk.com/wp-content/uploads/2024/04/DXY_2024-04-14_22-22-37.png" alt="Dollar index continues to rise." width="1203" height="554"></p>
<figcaption id="caption-attachment-340155" class="wp-caption-text">
 Dollar index continues to rise.
</figcaption>
<p style="text-align: justify">Moreover, we will hear statements from <strong>Fed</strong> members throughout the week. The negative impact of the conflicts between Russia and Ukraine on inflation is well known to us. Now, with the onset of war in Iran, the expected rise in oil prices and increased shipping costs could further unsettle Fed members. If Fed members declare the heightened tensions of the past 48 hours as a serious threat to the fight against inflation, it could trigger a second major downturn in risk markets.</p> 
<p style="text-align: justify">And of course, we cannot see the future. In a few hours, the parties may step back, and negotiations for a diplomatic resolution of the issues could begin. The crypto world used to be full of surprises, and now the entire world is.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/how-us-national-debt-could-influence-bitcoins-value/" data-wpel-link="internal">How US National Debt Could Influence Bitcoin’s Value</a></h5>

How US National Debt Could Influence Bitcoin’s Value

Table of Contents

COINTURK NEWS

Other articles published on Apr 14, 2024

How to Ensure Profit and Not ‘End Up With Nothing’ in This Crypto Bull Run

Gen.G Esports Secures MSI Spot

Top Trending Crypto Coins on DEXTools – Flozo Game Token, Aping, Virtucloud

Top 3 Cryptos Catching the Eye of Smart Investors This April: SHIB, PEPE, and NUGX

Flying Shiba Inu (FLYSHIB) To Surge 7,000% as MEXC Listing To Start Memecoin Mania

Nintendo Surprised gamers with untypical retro SNES classics for Switch online subscribers.

Join our free newsletter for daily crypto updates!