Iran-Israel War: Will Crypto Market Continue Crashing Amid Conflict?
The crypto space was hit hard this week, shaken by surging geopolitical tensions as the existing tensions between Iran and Israel boiled over into open combat. Bitcoin (BTC), Ethereum (ETH), Ripple’s XRP and other top assets plummeted.
Bitcoin dropped by 4% in the past 24 hours, falling to around $103,000 on Thursday. This significant decrease comes after a weekly high of $110,653 on Monday. Ethereum plunged even more dramatically, falling 8% to $2,530.
Even major altcoins like Solana, Dogecoin, and XRP saw large declines of 8.5%, 7.3%, and 5%, re#IsraelIranConflict spectively. Cumulatively, the market cap fell to $3.27 trillion, 2.71% lower. On the other hand, the trading volume stands at $173.14 billion surging as panic selling took over. The precipitous decline has jolted investor confidence and prompted broader sell-offs among digital assets.
