Leading cryptocurrencies plummeted Tuesday as Iran’s missile barrage toward Israel sparked fears of a full-blown regional war in the Middle East.
Cryptocurrency
Gains +/-
Price (Recorded at 8:30 p.m. EDT)
Bitcoin (CRYPTO: BTC)
-3.48%
$61,118.92
Ethereum (CRYPTO: ETH)
-5.66%
$2,464.05
Dogecoin (CRYPTO: DOGE)
-6.29%
$0.1077
What Happened: Bitcoin plunged to a nearly two-week low of $60,370 as Iran launched a missile attack against Israel. The leading cryptocurrency recovered to $61,000 when the attack ended.
Ethereum witnessed a steeper drop, crashing to levels not seen since Aug. 19.
Total cryptocurrency liquidations exceeded $521 million in the last 24 hours, the highest since the Black Monday meltdown in August. Nearly $450 million in bullish bets were erased.
Bitcoin’s Open Interest dropped 4.79% in the last 24 hours, while Ethereum saw a 5.6% decline in funds locked in its futures market.
The market sentiment fell from plunged into the “Fear” zone, according to the popular Cryptocurrency Fear & Greed Index, implying significant FUD and selling pressure.
Top Gainers (24-Hours)
Cryptocurrency
Gains +/-
Price (Recorded at …
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