#CryptoCryptoCrash, #Iran, #Israel
IBNS-CMEDIA: The crypto market witnessed a significant drop with several altcoins plunging by double digits in response to the current Middle East crisis triggered by Iran’s attack on Israel on Saturday.
Bitcoin, for instance, saw a rapid decline of $6,000 within minutes of the attack, as the flagship digital asset tumbled from around $68,000 to as low as $60,800 before rebounding to $64,400, reported beingcrypto.com.
Ethereum tanked from $3,200 to $2,800 before recovering to $3,000.
Other assets such as BNB, Solana, and Dogecoin also experienced declines of 5%, 8%, and 10% respectively over the past 24 hours, the portal reported.
“Moreover, prices are nearer to the trader’s realized price of $58K,” he said.
