Bitcoin Plunges Below $100K as XRP and Dogecoin Prices Hit 2-Month Lows

by shayaan
Decrypt logo

Crypto prices remained a crater on Sunday morning, with Bitcoin falling below $ 100,000, Ethereum fell 10% in the day and assets such as Solana, XRP and Dogecoin fall to several months low points.

The downward shifts came after the United States entered the conflict between Israel and Iran, in which President Donald Trump announced on Saturday that American troops bombarded three Iranian nuclear facilities in an attack reversalized operation Midnight Hammer.

The move threatens to further cause tensions in the Middle East, after recent attacks between Israel and Iran. Just like those attacks, the Salvo from the United States also influences the financial markets.

Bitcoin is currently more than 3% decrease in the day at a price of $ 99,843. That is the lowest price for the leading cryptocurrency since the beginning of May, by data from Coingecko.

Ethereum took a much more difficult hit on the day and fell more than 10% to a current price of $ 2,171. Just like Bitcoin, it is the lowest figure that has been seen for ETH since the beginning of May, which means a number of the considerable profit that the coin set up last month.

Major Altcoins such as XRP, Solana and Dogecoin did not fall as fast as ETH on the day, but their historical impact is more pronounced, where all three low prices that are not seen in two months. XRP is currently priced at $ 1.95, while Solana arrives at $ 127 and Dogecoin is at $ 0.147.

Liquidations are only accelerated on the cryptomarket, with Coinglass Show the last 24 hours for $ 949 million in “Rekt” positions. Ethereum leads the road there with around $ 369 million, followed by Bitcoin at $ 242 million.

See also  Bitcoin Kimchi Premium Spikes as South Korea's Political Turmoil Escalates

The vast majority of liquidations are Longs – or bets that the price of an active will rise – worth $ 849 million.

Users of prediction market are countless more and more bearish On the price perspectives of Bitcoin in the midst of the chaos. Asked if BTC jumps earlier to $ 115,000 (a new all -time high) or diving below $ 95,000, users give the last option a chance of almost 65% from this letter.

Only Friday morning do countless users on the relocation of $ 115,000.

(Disclosure: countless is a product of DecryptThe parent company, Dastan.)

Daily debrief Newsletter

Start every day with the top news stories at the moment, plus original functions, a podcast, videos and more.

Source link

You may also like

Latest News

Copyright © Sovereign Wealth Signals