#PowellRemarks ♦️ 1.15 billion dollars include accounts of 243637 traders liquidated in the last twenty-four hours in the cryptocurrency market, according to data from 'CoinGlass' that we reviewed. It is noteworthy that the largest liquidation occurred on the 'Binance' platform with a total exceeding 201.1 million dollars, as this collective decline primarily stemmed from geopolitical tensions in the Middle East represented by the Israeli attack on Iran.
♦️ The largest cryptocurrency (Bitcoin) fell by about 2.3% in the last twenty-four hours, influenced by the escalation of geopolitical tensions in the Middle East following Israel's attack on Iranian nuclear facilities, which accelerated the pace of profit-taking and hedging from high-risk assets, foremost among them cryptocurrencies.
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