As tensions between Iran and Israel reach their peak Bitcoin Almost all risk assets, including investors, saw sudden and sharp declines.
Expectations that Iran will launch an attack on Israel have become frequently discussed in the Western media today, and then US President Joe Biden also made a statement. Responding to Iran’s possible attack by saying “don’t do it”, Biden added that Iran is expected to attack Israel eventually.
Bitcoin, gold and US stocks showed a downward trend due to the increasing geopolitical risks in the Middle East. Gold fell from its all-time highs, which it climbed during the day.
However, led by Bitcoin, all in cryptocurrencies A downward trend was also observed. While Bitcoin dropped from around $71,000 to $65,000, it experienced a partial recovery at the time of writing and is trading at $67,230.
Compared to Bitcoin, the altcoin world was more deeply affected by the decline, with many altcoins recording double-digit losses.
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There are also signs of recovery in altcoins in the last hour. Ethereum is up about 1% in the last hour, while XRP is up 2.66%, BNB is up 1.15%, and Dogecoin is up 1.18%.
When the liquidation data is examined, it is observed that there has been a huge liquidation of exactly 843.67 million dollars from the total cryptocurrency market in the last 12 hours. $764 million of these were in long positions.
Bitcoin 158 million dollars, Ethereum 119 million dollars, solana 43 million dollars, XRP 19 million dollars, Cardano 17 million dollars, dogecoin 16 million dollars, filecoin 16 million dollars, Litecoin 16 million dollars, Chainlink 11 million dollars, Ethereum Classic 10 million dollars, Polkadot saw a liquidation of $10 million.
*This is not investment advice.
Source: Bitcoinsistemi.com