Bitcoin, Ethereum, Dogecoin Remain Weak Thanks To Iran-Israel Tensions: 'Wars Aren't For Selling,' Says Noted Trader
Portfolio Pulse from Aniket Verma
Leading cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are trading lower due to geopolitical tensions between Iran and Israel. Despite the market's fear sentiment, some traders remain bullish on Bitcoin, while others predict potential further declines.
October 03, 2024 | 2:38 am
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NEGATIVE IMPACT
Dogecoin is trading lower amid geopolitical tensions, reflecting the broader market's risk-averse sentiment.
Dogecoin's decline is in line with the broader market's risk-averse sentiment due to geopolitical tensions, indicating a negative short-term impact.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Ethereum has dropped below $2,400, experiencing a significant weekly decline amid geopolitical tensions. The market sentiment remains fearful.
Ethereum's significant weekly decline and the market's fearful sentiment suggest a negative short-term impact on its price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Bitcoin is trading lower due to geopolitical tensions, but some traders remain bullish, as indicated by positive funding rates and a higher Long/Short Ratio.
Bitcoin's price is affected by geopolitical tensions, but the positive funding rate and Long/Short Ratio suggest bullish sentiment among traders. This mixed sentiment results in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80