Bitfinex Alpha | Markets Nervous as BTC Consolidates
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Bitcoin started the week (last week) with a promising rebound, climbing 4.7 percent from the weekly open and briefly retesting its prior all-time high of $109,590. But optimism quickly gave way to risk aversion after the unexpected strike on Iran by Israel on June 13 triggered a sharp selloff across global markets. Bitcoin retraced much of its early gains with a 7.33 percent drop, closing the week lower as rising oil prices and macro uncertainty weighed heavily on investor sentiment. This episode underscores how even a strong trend can be swiftly derailed by exogenous shocks, especially when markets are running hot.