Liquidation of 200 million dollars from the cryptocurrency market in just one hour

200 million dollars were liquidated from the cryptocurrency market in just one hour, due to the decline in major cryptocurrency prices, resulting from escalating geopolitical unrest between Israel and Iran.

The #Bitcoin dropped to nearly 103 thousand dollars, after a decline of about 2%, while the #Ethereum fell by more than 3% to drop to a level of 2424 dollars, and the $XRP

XRP

2.1163

-1.72%

decreased by 1.89% to reach 2.12 dollars.

The escalation of geopolitical tensions resulting from the Israeli-Iranian conflict has led to a state of uncertainty in the market and panic selling.

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

$BTC $ETH