Intense Capital Outflows from Global Markets Since Covid, Tensions in the Middle East Major Cause

BTC

BTC/USDT

$62,489.99

+1.25%

$62,489.99

+1.25%

(24s)

24h Volume

$11,805,877,482.12

24h H/L

$62,979.86 / $61,663.98

Change: $1,315.88 (2.13%)

Long/Short

62.1%

Long: 62.1%Short: 37.9%

Funding Rate

+0.0051%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,488.00

▼ -0.15%

Volume (24h): -

Resistance Levels

Resistance 3$67,330.68

Resistance 2$65,622.83

Resistance 1$63,183.01

Price$62,488.00

Support 1$61,515.75

Support 2$57,839.82

Support 3$50,986.64

Pivot (PP):$62,587.41

Trend:Downtrend

RSI (14):47.4

**Record Outflow from Global Exchanges Since COVID, Middle East Tensions Cited as Major Cause**

COINOTAG reports that global exchanges have experienced the most significant outflow of funds since the onset of the COVID-19 pandemic. The primary reason for this unprecedented movement is attributed to escalating tensions in the Middle East. Inevitably, Bitcoin ($BTC) has also been impacted by the turmoil. However, investors are reminded not to forget the inherent structure and resilience of Bitcoin amidst these challenging times.

Stay updated with us for more insights on the evolving situation and its implications on the crypto market.

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