Crypto Markets Plunge as Middle East Tensions Trigger Global Selloff
The post Crypto Markets Plunge as Middle East Tensions Trigger Global Selloff appeared on BitcoinEthereumNews.com. BTC hovers around $105,000, while ETH sinks to $2,500; leveraged liquidations hit their highest level since February. Major digital assets recorded losses for a second day as geopolitical tensions heightened in the Middle East. Bitcoin (BTC) has rebounded to $105,400 after falling as low as $102,900, while Ethereum (ETH) is down 6.3% to $2,550 over the past 24 hours. XRP declined nearly 4% to $2.15, and Solana (SOL) slid 6.4% to $147. BTC Price The total cryptocurrency market capitalization fell 5% in the past 24 hours to $3.4 trillion. Leveraged liquidations surged to $1.11 billion during the same period – the largest since February – according to CoinGlass. Bitcoin (BTC) accounted for about $438 million of that total, while Ethereum (ETH) recorded $304 million in liquidations. U.S. spot BTC exchange-traded funds (ETFs) recorded $86 million in inflows on Thursday. Meanwhile, Spot ETH ETFs attracted around $112 million in inflows, according to SoSoValue data. Israel Attacks Iran Experts say today’s market losses are being driven by a combination of factors, but mainly escalating tensions in the Middle East and broader macroeconomic concerns. Last night, Israel launched a major attack on Iran, striking and killing three top Iranian military leaders and nuclear scientists, major news outlets reported. Tehran is reportedly planning to retaliate, while U.S. Secretary of State Marco Rubio emphasized on Thursday that the United States was not involved in Israel’s strikes, warning that “Iran should not target U.S. interests or personnel.” “The pullback we’re seeing is largely a reaction to escalating geopolitical tension, particularly the Israeli strikes on Iran,” Sid Powell, CoFounder and CEO at Maple Finance, told The Defiant. “That kind of external shock tends to send investors into risk-off mode, and crypto, especially leveraged positions, is often the first to get hit.” Powell noted that more than $1…
The post Crypto Markets Plunge as Middle East Tensions Trigger Global Selloff appeared on BitcoinEthereumNews.com.
BTC hovers around $105,000, while ETH sinks to $2,500; leveraged liquidations hit their highest level since February. Major digital assets recorded losses for a second day as geopolitical tensions heightened in the Middle East. Bitcoin (BTC) has rebounded to $105,400 after falling as low as $102,900, while Ethereum (ETH) is down 6.3% to $2,550 over the past 24 hours. XRP declined nearly 4% to $2.15, and Solana (SOL) slid 6.4% to $147. BTC Price The total cryptocurrency market capitalization fell 5% in the past 24 hours to $3.4 trillion. Leveraged liquidations surged to $1.11 billion during the same period – the largest since February – according to CoinGlass. Bitcoin (BTC) accounted for about $438 million of that total, while Ethereum (ETH) recorded $304 million in liquidations. U.S. spot BTC exchange-traded funds (ETFs) recorded $86 million in inflows on Thursday. Meanwhile, Spot ETH ETFs attracted around $112 million in inflows, according to SoSoValue data. Israel Attacks Iran Experts say today’s market losses are being driven by a combination of factors, but mainly escalating tensions in the Middle East and broader macroeconomic concerns. Last night, Israel launched a major attack on Iran, striking and killing three top Iranian military leaders and nuclear scientists, major news outlets reported. Tehran is reportedly planning to retaliate, while U.S. Secretary of State Marco Rubio emphasized on Thursday that the United States was not involved in Israel’s strikes, warning that “Iran should not target U.S. interests or personnel.” “The pullback we’re seeing is largely a reaction to escalating geopolitical tension, particularly the Israeli strikes on Iran,” Sid Powell, CoFounder and CEO at Maple Finance, told The Defiant. “That kind of external shock tends to send investors into risk-off mode, and crypto, especially leveraged positions, is often the first to get hit.” Powell noted that more than $1…
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