Market Alert 🚨: Bitcoin and crypto prices plummet amid rising geopolitical tensions! 🌎💸
Key Updates:
- Bitcoin dropped from $108,915 to $105,500, a 3.05% decline
- Ethereum retreated by 2.2%
- Total market capitalization of cryptocurrencies fell to $3.28 trillion
- Crypto liquidations surged 25% to $359 million in 24 hours
Top Laggards:
- SPX6900: -12.31%
- Immutable: -13.42%
- Fartcoin: -9.97%
- Pepe: -12.2%
- Worldcoin: -9.62%
What's Behind the Decline?
- Escalating Middle East conflict and fears of a wider war
- Rising crude oil prices (Brent and West Texas Intermediate up 2.2%)
- Increased shipping costs (World Container Index at $3,543, highest since January)
What to Expect?
- Volatility ahead of the Federal Reserve interest rate decision
- Historically, crypto prices perform better when the Fed is cutting rates
- Potential rebound after major geopolitical or macroeconomic shocks
Stay informed and adapt to market changes!
