Despite volatility, Bitcoin price has stabilized above $82,000. This is crucial to avoid following the stock market’s dramatic downturn, reflected in falling S&P 500 and Nasdaq Composite indexes.
The substantial drop in US equities, described as the ‘World War 3’ of trade wars, has raised unease among investors, prompting expectations for possible Federal Reserve interest rate cuts.
Experts remain attentive to Bitcoin’s performance, noting signs of strength at the current support level. Sustaining above $80,000 may indicate an upward trend, which traders are keenly monitoring.
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