Bitcoin, Ethereum, Dogecoin Lose Early Gains After Trump’s ‘Immediately Evacuate’ Warning Amid Iran-Israel Conflict: Analyst Sees ‘Great’ Signal For Risk-On Appetite If This Happens
Leading cryptocurrencies erased early gains Monday as President Donald Trump asked citizens of Tehran, Iran’s capital, to “immediately” evacuate the city amid escalating Iran-Israel conflict.
| Cryptocurrency | Gains +/- | Price (Recorded at 10:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.90% | $106,721.09 |
| Ethereum (CRYPTO: ETH) |
-0.29% | $2,561.52 |
| Dogecoin (CRYPTO: DOGE) | -1.29% | $0.1731 |
What Happened: Bitcoin nearly hit $109,000 late evening, marking a sharp recovery from the downsides triggered due to the Iran-Israel war.
Investors have been on edge since the beginning of the hostilities between the two regional rivals. However, the jitters were eased after reports said that Iran wants to de-escalate tensions and return to negotiations.
But the optimism seems to have faded after Trump ordered residents of the Iranian capital, Tehran, to immediately evacuate, sending stock futures and cryptocurrencies tumbling. Bitcoin fell below $107,000 on the news.
Ethereum saw a similar trajectory, rising to an intraday high of $2,680.09 only to fall below $2,500.
About $381 million was liquidated from the cryptocurrency market in the last 24 hours, with long liquidations accounting …
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