My people! What's up, buddies! Hold on because things got serious in the world of cryptocurrencies, and it's no joke. Early Friday morning, Israel launched a strike on Iran, and a worldwide panic broke out! 💥 Everyone is on edge, thinking that a large-scale war is coming, and that, obviously, hit the financial markets hard.
And if you thought that only oil and stock markets were falling, well no! Cryptocurrencies also felt the hit. Bitcoin and, above all, our beloved Ethereum (ETH), took a nosedive. 📉
Speaking of ETH, the drop was spectacular! In just 24 hours, the price plummeted by -9.70%. 💔 Imagine, it's like your money evaporated out of nowhere. Although during the week we still saw it in green, it's almost, almost, going to turn red, and that really hurts.
But watch out, my people, the truth is that 2025 has not been the year for Ethereum. Poor ETH! It has been battling like a neighborhood champion against competition that has come out from under every rock, and the trading volume on its network has dropped a lot. 😥 Aside from a few gasps of relief here and there, it has been a somewhat cloudy year for investors in this coin.
So far this year, ETH has already recorded a -25.79% negative return. What madness! And now, with this tension in the Middle East, which is like a "black swan" that nobody expected, the price could drop even further in the coming days. At the time of writing this, one unit of Ethereum was at $2,481 dollars, according to CoinMarketCap. A bargain for some, a scare for others! 💸
So, what to expect from this? Well, the truth is that nobody has a crystal ball right now. The situation in the Middle East is hotter than spicy pepper soup. 🔥 Israel says it won't stop until they feel safe, and Iran, obviously, will respond with everything. The Americans, for their part, are saying not to mess with them, but things are so heated that it could explode at any moment.
All of this, folks, has the markets on edge. The collapse of Ethereum is just a preview of what is coming for Wall Street when trading opens. The Asian markets and after-hours trading are already in red. 🚨
So, be alert, my people! We need to pay attention to what happens because this affects not only the big players but all of us in one way or another. Let's keep our fingers crossed! 🙏$ETH $BTC