Price: $0.40635 5.3207%
Market Cap: 59.69B 1.8108%
Volume (24h): 12.06B 0.4%
Dominance: 1.8108%
Price: $0.40635 5.3207%
Market Cap: 59.69B 1.8108%
Volume (24h): 12.06B 0.4%
Dominance: 1.8108% 1.8108%
  • Price: $0.40635 5.3207%
  • Market Cap: 59.69B 1.8108%
  • Volume (24h): 12.06B 0.4%
  • Dominance: 1.8108% 1.8108%
  • Price: $0.40635 5.3207%
Home > Information news > Cryptocurrency Values Plunge as Iran Strikes Israel with Drones

Cryptocurrency Values Plunge as Iran Strikes Israel with Drones

Release: 2024/04/14 06:29 Reading: 271

Original author:BH NEWS

Original source:https://coinmarketcap.com/community/articles/661afb91dc26ce639dbdc07b

Cryptocurrency Values Plunge as Iran Strikes Israel with Drones

You can also read this news on BH NEWS: Cryptocurrency Values Plunge as Iran Strikes Israel with Drones

Cryptocurrency markets have taken a significant hit following rumors of war, which intensified after Iran conducted a drone strike on Israel. As the news of the attack spread, Bitcoin, the leading cryptocurrency, experienced a sudden decline in value, plummeting to $60,000. The ripple effect of this downturn has also been observed in various alternative cryptocurrencies (altcoins), which have collectively faced steep price drops.

Altcoin Markets Respond to Tensions

Ethereum, Bitcoin’s primary competitor, has followed suit, with its value diminishing by 9.5% to a price of $2,912. This is a stark contrast from the previous month’s high of over $4,000. Ethereum’s market capitalization remains around $350 billion, with a 24-hour trading volume of $24.6 billion. Solana (SOL), another prominent altcoin, has not been spared from the downward trend. Its price has decreased by 15% to $129—a significant fall from its anticipated support level of $165 just a month ago. SOL’s market cap has correspondingly shrunk to $55 billion.

The native token of the Binance exchange, BNB, also suffered a blow, experiencing a 10% drop, now trading at $529.

Altcoins Facing the Heaviest Losses

Among the notable cryptocurrencies, XRP has been one of the hardest hit, with a 20% reduction in value to $0.4349, demoting it to the 7th position in market volume behind USDC. XRP’s market cap has decreased to $24 billion. Similarly, Dogecoin (DOGE), a leading meme coin by volume, has seen its price fall by roughly 20%, aligning it with the biggest losers among the top 10 cryptocurrencies.

Points to Take into Account

  • Bitcoin’s sudden decline to $60,000 has precipitated a broad crypto market crash.
  • Ethereum has seen a 9.5% price drop, with SOL experiencing a 15% decline.
  • XRP and DOGE are among the top 10 cryptocurrencies facing the steepest losses, both dropping by 20%.

The recent geopolitical developments have caused substantial turbulence in the cryptocurrency market. Investors are witnessing a pronounced downturn in prices across the board, signaling a period of heightened caution and potential volatility ahead.

The post first appeared on BH NEWS: Cryptocurrency Values Plunge as Iran Strikes Israel with Drones

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.