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Bitcoin Plummets: Impact of Middle East Tensions on Crypto

Cryptocurrency markets have experienced a significant decline as a result of Iran’s missile strikes on Israel. Here is the latest update on the markets…

Last night was particularly challenging for global markets, with the Middle East now in serious turmoil. Iran’s ballistic missile attacks on Israel were seen as the official start of the war. Unsurprisingly, cryptocurrency markets reacted sharply to these developments, experiencing another steep decline. All crypto assets, especially Bitcoin (BTC), suffered a significant loss in value. Cryptocurrencies, which had already been undergoing a sharp correction, took another hit from last night’s events.

The latest situation in the most popular crypto assets

Bitcoin Plummets: Impact of Middle East Tensions on Crypto
Crypto AssetCurrent PriceChange in the Last 24 Hours (%)
Bitcoin (BTC)61,507 USD-3,51
Ethereum (ETH)2,487 USD-5,72
BinanceCoin (BNB)554 USD-4,37
Solana (SOL))146 USD-5,49
Ripple (XRP)$0.60-2,73
Dogecoin (DOGE)$0.10-8,58
Toncoin (TON)$5.44-6,24
TRON (TRX)$0.15-1,38
Cardano (ADA)$0.35-6,01
Avalanche (AVAX)$26.28-7,54

BTC, which was trading above $70,000 just a few months ago, is now far from those levels. Naturally, this situation is also affecting other crypto assets. While investors are anticipating a bull market, only time will tell if such a rebound will occur.


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