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guess what is going on for Bitcoin?
Macro Environment: Geopolitical risks in the Middle East surged sharply on Friday, with direct conflict breaking out between Israel and Iran, causing extreme market volatility. Safe-haven sentiment spread quickly, pushing oil and gold prices sharply higher, while global equities came under pressure. Inflation concerns driven by oil prices temporarily suppressed safe-haven buying, with U.S.
Crypto Market: The escalation of the Middle East conflict on Friday triggered sharp fluctuations across financial markets. Bitcoin fell in tandem with global risk assets, briefly dropping below $103,000. Over the weekend, BTC fluctuated within the $104,000–$106,000 range, reflecting the market’s high sensitivity to geopolitical risks.
Heightened risk aversion led to widespread sell-offs of higher-risk altcoins, while Bitcoin's dominance climbed back to a monthly high of 64.8%.
maybe new high is coming, but altcoins are not such in good conditions.
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