Bitcoin, Ethereum, Dogecoin Remain Weak Thanks To Iran-Israel Tensions: ‘Wars Aren’t For Selling,’ Says Noted Trader
Leading cryptocurrencies continued to trade in the red as geopolitical tensions kept risk appetite in check.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:15 p.m. EDT) |
| Bitcoin (CRYPTO: BTC) | -0.26% | $61,070.39 |
| Ethereum (CRYPTO: ETH) |
-3.27% | $2,386.46 |
| Dogecoin (CRYPTO: DOGE) | -1.73% | $0.1061 |
What Happened: Bitcoin chopped between $60,000 and $62,000 during the day, a day after falling to a nearly two-week low, as Iran’s missile attack and Israel’s retaliation promise squeezed demand.
Ethereum sank further, dipping below $2,400 during afternoon hours, and was down more than 7% over the week, compared to Bitcoin’s 3.18% weekly losses.
In the past 24 hours, the total cryptocurrency liquidations increased to $243.36 million, with long liquidations accounting for $181.22 million.
That said, Bitcoin’s funding rate on top exchanges like Binance, Bybit, and OKX continued to be positive, indicating the dominance of bullish traders.
The coin’s Long/Short Ratio also surged to 1.09, indicating a higher number of traders placing bullish bets as compared to those gunning for price declines.
The market sentiment remained in the “Fear” …
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