Trading King
06/16 15:42
There seemed to be lack of intense selling pressure on centralized exchanges.
Geopolitical tensions and the possibility of war are growing by the day as nations exchange missiles in the Middle East. Inflation has slowed down in the U.S, but it is not yet at the Federal Reserve’s target rate. Tariffs and economic uncertainty have also been looming. These factors have led investors to flee towards gold as a store of value.
Despite the FUD in traditional markets, Bitcoin has remained strong above the $100k-mark. This means that investors are increasingly treating the crypto asset as a store of value.
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