Bitcoin (BTC) prices have been unable to break through the resistance level of $64,000 (approximately 9.46 million yen) due to uncertainty in the global economy and the impact of the Middle East war.
At 9 a.m. on the 8th, the overseas Bitcoin price on CoinMarketCap fell 1.80% from the same time the previous day to $62,667 (approximately 9.27 million yen).
The price had recaptured the 63,000 dollar mark (approximately 9.31 million yen) the previous day, but was unable to break through the resistance line of 64,000 dollars and began to fall again.
Cointelegraph: Macroeconomic Factors Push Bitcoin Price Through Price Resistance
On the 7th (local time), the yield on the 10-year US Treasury bond rose above 4% for the first time in two months since early August.
The stock market also fell. In addition, rising tensions in the Middle East led to a rise in the price of crude oil. West Texas crude oil rose more than 3% on the day, exceeding $77 per barrel.
Cointelegraph said, "The reason Bitcoin prices have not risen above $66,000 in the past eight weeks is because there are factors preventing investment sentiment from improving."
"Key factors include uncertainty about the global economy and the intensifying conflict in the Middle East."
2024/10/08 13:32 KST
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