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In the wake of the climbing of global tensions and American-Iranian conflicts, the cryptocurrency market has made a significant success.
What happened: Cryptocurrency Bitcoin (Crypto: BTC) fell below the $ 100,000 mark, while XRP and Dogecoin plunged at the lowest in two months.
Sunday morning, the Bitcoin value fell below the $ 100,000 mark, while XRP and Dogecoin prices reached a two -month hollow.
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This drop in cryptocurrency prices comes from the United States’s involvement in the conflict between Israel and Iran. Late Saturday, president Donald Trump announced that American forces had bombed three Iranian nuclear installations in an operation called “midnight”.
At the time of writing the editorial staff, the Bitcoin Prize was $ 99,843, marking its lowest since early May. Ethereum (Crypto: Ethn), another major cryptocurrency, also took a significant blow, falling by more than 10% to $ 2,171.
Other major altcoins such as XRP, Solana (Crypto: GROUND), and Dogecoin (crypto: DOGE)) also experienced a fall, their prices reaching a hollow of two months.
According to CorciLass, liquidations on the cryptography market have accelerated, with $ 949 million in liquidated positions in the last 24 hours.
Ethereum paved the way with around $ 369 million, followed by Bitcoin at $ 242 million.
Recent geopolitical disorders have sparked a wave of uncertainty in the world financial markets, including cryptocurrencies.
In the middle of chaos, users of the Myriad prediction market have become more and more downgraded on Bitcoin prices prospects, giving almost 65% chance that Bitcoin will plunge below $ 95,000 afterwards.
The current scenario highlights the volatility of cryptocurrencies and their sensitivity to global events. It remains to be seen how the cryptography market will react in the coming days as the geopolitical situation is evolving.
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This item Global Tensions trigger a cryptocurrency accident: Bitcoin, XRP and Dogecon 2 months old Originally appeared on Benzinga.com
