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Bitcoin Price Gets Highly Oversold
The BTC/USD pair continued its freefall in the overnight session as investors dumped risky assets after talks between Iran and US stalled. Bitcoin price dropped to a low of $71,735, much lower than the all-time high of 126,300. Bitcoin Price Crash Continues as Risk-off Sentiment Prevails The BTC/USD pair continued falling after a report by Axios confirmed that talks between Iran and the United States had stalled, meaning that there is a risk of a full war in the region. Bitcoin price would underperform the market if there were a war because it has lost its role as a safe-haven asset. The rising risk explains why gold ... (full story)
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