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Bitcoin has dropped to $71,000 in recent hours and is experiencing a truly interesting movement. Increasing tensions with Iran and weak inflation data from the US are affecting the market. It is currently hovering around the $72.94K level, but volatility continues to remain high.
The question of when the US inflation data will be announced is frequently asked in the crypto market because such macroeconomic indicators directly impact Bitcoin's price. Investors are waiting for the release date, and this uncertainty creates short-term movements.
Adding macroeconomic concerns on top of geopolitical risks makes the market a bit tense. However, such declines are often seen as buying opportunities. What do you think, are you waiting to buy at these levels?