Global Tensions Trigger Cryptocurrency Crash: Bitcoin, XRP, And Dogecoin At 2-Month Lows
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Cryptocurrency Market Decline: The cryptocurrency market has experienced a significant downturn, with Bitcoin falling below $100,000 and altcoins like XRP and Dogecoin reaching two-month lows due to escalating US-Iran tensions and military actions.
Market Volatility and Predictions: The geopolitical unrest has led to increased uncertainty in financial markets, resulting in nearly $949 million worth of liquidations in the crypto sector, while prediction markets indicate a 65% chance that Bitcoin could drop below $95,000 next.
Analyst Views on WAR
Wall Street analysts forecast WAR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WAR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 25.445
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Current: 25.445
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
