Bitcoin's Unstable Prices Devastate More Than 130,000 Traders

Global tensions are impacting cryptocurrency markets, causing Bitcoin's price to wildly fluctuate. Following recent world events, Bitcoin's price fell below $100,000, then rose by over $3,000, negatively impacting countless over-leveraged traders. Despite a sharp fall, the price again fell below $100,000 following Iran's attacks on US military bases. Online theories suggest that Iran's actions could be initiating peace talks, as warnings were reportedly given before the missile strikes, allowing the country to maintain authority while also engaging in de-escalation talks.

Bitcoin's volatility is clear, with large movements in both directions over the past few days. Focusing on the last 24 hours shows these fluctuations have been damaging to over-leveraged traders, with more than 134,000 affected. The total value of liquidated positions is nearly $440 million, with Ethereum taking center stage, outperforming Bitcoin.