Bitcoin, Ethereum, Dogecoin Fall As US Involvement In Iran-Israel War Threatens Oil Prices Spike: Arthur Hayes Says ‘Weakness Shall Pass’ And BTC Will Show Its Safe Haven Status
Leading cryptocurrencies slid on Sunday as investors feared a larger conflict following the U.S.’s involvement in the Iran-Israel war.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:35 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -1.95% | $100,965.74 |
| Ethereum (CRYPTO: ETH) |
-2.33% | $2,244.24 |
| Dogecoin (CRYPTO: DOGE) | -3.23% | $0.1520 |
What Happened: Bitcoin plunged below $99,000 late in the afternoon, but an overnight spike helped pare some of the losses.
Ethereum tumbled to an intraday low of $2,116.68, a level not seen since early May.
The two blue-chip coins recorded a sharp jump in trading volumes, indicating strong selling pressure.
Nearly $657 million was liquidated from the cryptocurrency market in the last 24 hours, with $524 million in longs wiped out.
Bitcoin’s Open Interest fell 1.44% in the last 24 hours, broadly matching the decline in the spot price.
The market sentiment improved from “Fear” to “Neutral” in the last 24 hours, according to the Crypto Fear & Greed Index.
Top Gainers (24 …
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