The cryptocurrency market turned bearish as Bitcoin once again failed to take out a key daily resistance level. The leading cryptocurrency by market cap is trading below $68,600 on Friday, down by more than 3% over the last 24 hours. The bearish market sentiment strengthens amid uncertainty over the US-Iran ceasefire plan, which seems to be sidelining institutional demand as well. Institutional inflow remains poor The crypto market is feeling the effects of the ongoing war in the Middle East. The ongoing talks about a potential ceasefire deal between the US and Iran remain highly uncertain. President Trump stated on Thursday that Iran is negotiating to end the war.
Source: Read the original article
