Bitcoin price edges below $105,000 on Friday after falling 4% over the last two days.
Market sentiment sours as conflict in the Middle East escalates, with over $1.15 billion in liquidation across crypto markets.
The demand for BTC from public companies remains strong despite the prevailing capital preservation mode in the crypto market.
Bitcoin (BTC) price edges below $105,000 at the time of writing on Friday, extending the consecutive two-day drop this week. The largest cryptocurrency by market capitalization enters a cautious stance as tensions between Israel and Iran weigh on global risk sentiment. This increase in risk aversion has triggered a wave of liquidations exceeding $1.15 billion across cryptocurrency markets. Despite the overall gloomy market mood, public companies' demand for BTC continues to strengthen as of this week.
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