RE: $HIVE & $BTC Technical Analysis - 11.05.2025
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I confess I don't understand why geopolitical news should move the Hive price.
Is it down to speculators doing blind automatic selling when news comes out about tariffs or war?
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$HIVE as any other cryptocurrency is a risk asset. When there are geo-political events, people are rushing to secure their wealth and usually that means out of risk assets and into something safer, like USD, gold or whatever they consider safer. High selling pressure triggers stop losses, which cascade and drives price down, a lot.