There was a very sharp decline in the cryptocurrency markets. Bitcoin (BTC) price dropped by $5,000 and reached $65,000. There were also serious losses in value in altcoins.
Cryptocurrency markets, which have been very active lately, last night experienced a very sharp decline. All crypto assets, especially Bitcoin (BTC), have suffered serious losses in value. According to shared statistics, the sudden drop was approximately 800 million dollars caused the transaction worth to be liquidated (liq).
BTC price has been falling for several days 70 thousand dollars was at levels. However, last night there was a rather sharp decline. BTC price dropped rapidly to 65 thousand dollars. Of course, altcoins took advantage of this situation and took advantage of BTC. they fell harder.
Current value loss in BTC is 5 percent
BTC has recovered slightly after the sharp decline and as of the time of writing this article 67 thousand 800 dollars is traded at levels. However, the decrease in the last 24 hours has reached over 5 percent.
When we examine the Coinmarketcap data, we see that the situation how serious it is We understand better. In this context; All of the 10 largest crypto assets in terms of market volume have lost value. The decline in Ethereum (ETH) is 8 percent, in Binance Coin (BNB) it is 5.4 percent, 12.6 percent in Solana (SOL)we see a loss of 10.6 percent in Ripple (XRP), 12.97 percent in Dogecoin (DOGE), 5.2 percent in Toncoin (TON), and 13.45 percent in Cardona (ADA). .
RELATED NEWS
We Dive into Dreams Again: If You Had Bought 10 Thousand Liras of Nvidia Shares, Bitcoin and Gold in 2020, How Much Would You Have Now?
The apparent reason for the decline is Israel-Iran tensions
For the serious decline in cryptocurrency markets Actually there are many reasons. However, the most obvious of these is that Israel and Iran are tense. It seems that the tension in the Middle East will now spread to a wider region, and this will affect the markets. created anxiety. Rumors that Iran will attack Israel have led to a decline in cryptocurrency markets, which are already looking for an excuse.
*This content cannot be considered investment advice.