$200 million liquidated from the cryptocurrency market in just one hour
$200 million was liquidated from the cryptocurrency market in just one hour due to the decline in major cryptocurrency prices, caused by escalating geopolitical tensions between Israel and Iran.
The currency #البيتكوين dropped to nearly $103,000 after a decline of about 2%, while currency #الإيثريوم fell by more than 3% to reach $2,424, and currency $XRP
decreased by 1.89% to $2.12.
The rising geopolitical tensions resulting from the Israeli-Iranian conflict led to a state of uncertainty in the market and panic selling.
Excessive leverage positions, especially in Ethereum, exacerbated the losses during the past period