Bitcoin Volatility Rises Amid Geopolitical News

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Written by Nausheen Thusoo Updated:
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Reviewed By Reviewed By Rekha Sharma

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Reports of Russia testing a nuclear-powered cruise missile shook markets ahead of the August 14 Trump-Putin summit. Before levelling off around $122K, Bitcoin surged from $118K to over $124.6K. The latest rally’s retracement zones, $120.1K and $117.9K, are important short-term supports. Any relaxation might lead to a short squeeze, which could push prices up to the $129K liquidity zone, while rising tensions might drop Bitcoin towards the lower support. As geopolitical events continue to impact cryptocurrency movements, traders are keeping a careful eye on them.

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Written by Nausheen Thusoo Multimedia Journalist at Times Crypto

A crypto and finance journalist with over three years of experience turning complex market trends into stories that anyone can understand. With a strong background in covering business, finance, and digital assets, Nausheen has contributed to global media outlets including Reuters and CoinGape. Passionate about the fast-moving world of blockchain and emerging tech, she blends sharp analysis with clear storytelling, making insights valuable for both new readers and seasoned investors.