Bitcoin, Ethereum, Dogecoin Crack On Israel-Iran War Fears: Legendary Trader Flags Significance Of King Crypto’s Close Above $71K
Leading cryptocurrencies plummeted Tuesday as Iran’s missile barrage toward Israel sparked fears of a full-blown regional war in the Middle East.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. EDT) |
| Bitcoin (CRYPTO: BTC) | -3.48% | $61,118.92 |
| Ethereum (CRYPTO: ETH) |
-5.66% | $2,464.05 |
| Dogecoin (CRYPTO: DOGE) | -6.29% | $0.1077 |
What Happened: Bitcoin plunged to a nearly two-week low of $60,370 as Iran launched a missile attack against Israel. The leading cryptocurrency recovered to $61,000 when the attack ended.
Ethereum witnessed a steeper drop, crashing to levels not seen since Aug. 19.
Total cryptocurrency liquidations exceeded $521 million in the last 24 hours, the highest since the Black Monday meltdown in August. Nearly $450 million in bullish bets were erased.
Bitcoin’s Open Interest dropped 4.79% in the last 24 hours, while Ethereum saw a 5.6% decline in funds locked in its futures market.
The market sentiment fell from plunged into the “Fear” zone, according to the popular Cryptocurrency Fear & Greed Index, implying significant FUD and selling pressure.
Top Gainers (24-Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at … |
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