
Bitcoin's price could face deeper downside as the odds of a US market meltdown rise to 35%. The cryptocurrency is holding steady around $68,904, up 3.9% in the last 24 hours, despite sharp declines in global equities and rising oil prices.
Reasons for Market Meltdown Fears:
- Oil prices above $100, threatening inflation and employment
- Strong dollar, posting its best week in a year
- Iran-Saudi Arabia conflict escalating tensions
- Global equities experiencing sharp declines
Bitcoin's Price:
- Currently at $68,904, with a 3.9% increase in 24 hours
- Analysts predict a range of $60,000-$75,000
Other Cryptocurrencies:
- Ether: $1,981, up 2.3%
- BNB: $624, up 1.4%
- Dogecoin: $0.09, up 1.8%
- Solana: $83.69, up 1.8%
- XRP: $1.35, stable
Keep in mind that predictions are speculative, and actual prices may vary.