Bitcoin (BTC) price has undergone a correction in recent hours, falling below the daily support of USD 110,000, which is characterized by traditional market risk aversion.
The downturn on Wall Street, fueled by problems at two US regional banks, appears to be weighing on Bitcoin, once again proving its correlation with stock indexes.
This volatility in the US market is Zions Bancorp y Western Alliance Bancorp reveals loan issues related to alleged fraud.
The event triggered a wave of selling in the financial sector, impacting the S&P 500 index and erasing the initial gains led by the artificial intelligence sector.
in contrast, Gold shows strength during the day, The highest price has been updated. This move indicates that in the current scenario, investors are preferring precious metals over digital gold to protect their capital, at least in the short term.
As we head into the end of the month, the market remains hopeful for the next U.S. Federal Reserve meeting. There has been speculation about a possible fall in interest rates, which could once again increase demand for assets considered “risky” such as Bitcoin, ultimately spurring a price recovery.
Overall, advanced Bitcoiners remain optimistic. Investor Ruben Romo commented: “Bitcoin reaches $ 108,000, paper hands are shaking. Let them sell, we expect patient. If it falls more, we will accumulate more, but do not be afraid, because we are not speculating, we are leaving a failed system alone. The value of fiat currency is accused of zero, it is mathematics. Every fall is an offer to protect your future.
