Bitcoin Price Drop: Market Divided as Traders Seek Clarity

Recent geopolitical events, particularly the ongoing Middle East conflict, have cast a shadow on the cryptocurrency market, leading to Bitcoin’s price drop by over 3% to approximately $105,000. This decline has also impacted altcoin markets, resulting in a staggering loss of over $1.1 billion from leveraged trading accounts within the past 24 hours. The market remains divided with some traders remaining optimistic while others are awaiting clear signals before re-entering positions.