Bitcoin and Other Cryptocurrencies Bleed as Israel Attacks Iran

Less than one hour ago Israel attacked Iran's capital Teheran, escalating the Middle East conflict.

Right after news broke, the crypto market experienced notable volatility, with Bitcoin (BTC) dropping below $66,000 – losing around 2% in the past hour and 3.3% in the past day.

Ethereum (ETH) also took a hit, declining by more than 3% to $2,420.

The biggest loser during this period is the trending altcoin Goatseus Maximus (GOAT), which dropped by 6.7% and is currently tradign at $0.67.

READ MORE:

Tether CEO Denies Investigation Rumours

The total cryptocurrency market cap lost 3.27% today and is sitting at $2.25, at the time of writing.

$313.16 million were liquidated from the market in the past 24 hours – $255.91 million in longs and $57.24 million in shorts)

Although the 1-day technical analysis from TradingView still shows bullish santiment with the summary pointing to “buy” at 11 and the moving averages to “strong buy” at 11 as well, oscillators wend from “neutral” to “sell”.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.