$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 the escalation of geopolitical tensions between Israel and Iran.

The #Bitcoin fell to nearly $103,000, after a decline of nearly 2%, while the #Ethereum dropped more than 3% to reach $2,424, and the $XRP

XRP

2.1365

-1.3%

decreased by 1.89% to reach $2.12.

The escalating geopolitical tensions resulting from the Israeli-Iranian conflict led to uncertainty in the market and panic selling.

Excessive leveraged positions, especially in Ethereum, exacerbated losses during the past period

$BTC $ETH#