Bitcoin, Ethereum, Dogecoin Dip As Investors Jittery Over US Involvement In Iran-Israel Conflict : Analyst Says BTC’s Reclaim Of $106,000 Is ‘Where The Party Happens’
Leading cryptocurrencies edged lower Tuesday amid fears of U.S. involvement in the Iran-Israel conflict.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:45 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -2.06% | $104,735.63 |
| Ethereum (CRYPTO: ETH) |
-1.79% | $2,525.57 |
| Dogecoin (CRYPTO: DOGE) | -1.35% | $0.1698 |
What Happened: Bitcoin steadily declined throughout the day, falling to an intraday low of $103,396.53 by afternoon.
Ethereum also gave up gains from Monday’s comeback rally, tumbling below $2,500 before paring losses overnight.
Investors remained on edge amid concerns of U.S. involvement in the ongoing Iran-Israel war. In a series of Truth Social posts, Trump said that “we have complete and total control” over Iran’s skies and demanded an “unconditional surrender.”
Over $330 million was liquidated from the cryptocurrency market in the last 24 hours, with nearly $268 million in bullish long bets wiped out. That said, about $650 million in Bitcoin shorts risked liquidation if the apex cryptocurrency rebounded to $107,000.
Bitcoin’s Open Interest fell 1.97% in the last 24 hours. Interestingly, more than 55% of Binance’s top traders with open BTC positions were positioned long, according to the long/short ratio.
The market sentiment flipped from “Greed” to “Neutral,” according to the Crypto Fear & Greed Index.
Meanwhile, in …
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