Bitcoin (BTC), Ethereum (ETH), and other cryptos bleed as tension escalates in the Middle East

The value of cryptocurrencies, with Bitcoin leading the way, took a significant hit due to heightened conflict in the Middle East. In a short period, Bitcoin dropped by almost 8%, and other cryptocurrencies experienced even greater losses. This sudden downturn in the crypto market came on the heels of confirmed reports of Iranian attacks against Israel.

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Based on data from CoinMarketCap, Bitcoin (BTC) was currently priced at $62,049 and had a market capitalization exceeding one trillion dollars. However, there was a decrease of 7.51% in the past hour, and the coin’s trend over the previous day also displayed a similar downward trajectory.

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2024-04-13 23:35