Cryptocurrency Market Begins with Growth in Bitcoin and Ethereum

The cryptocurrency market has started the new week with signs of improvement, as Bitcoin, Ethereum, and some altcoins have seen price increases in the past 24 hours. Traders are paying attention to macroeconomic developments and global events. Recent U.S. attacks on Iran and Tehran's response to regional targets have heightened concerns about the escalation of war and disruptions in energy supply. This situation could drive up oil prices and inflation, increasing selling pressure on riskier assets, including cryptocurrencies. The approach of the Federal Reserve's meeting on July 28 has made investors more cautious. Market participants are awaiting supportive signals from the U.S. central bank regarding interest rate cuts. Additionally, the sale of shares in chip and artificial intelligence companies may reduce investors' appetite for riskier assets. Last week, the Nasdaq fell by about 2.9%, and the S&P 500 index dropped by approximately 1.55%. Crypto traders are focused on Bitcoin's performance; maintaining the support level of $64,000 could bolster buyers' confidence. However, retail investors are advised to wait for confirmation of the trend.

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