Iran's Attack Sparks Crypto Market Decline
Sunday, 14 April 2024, 15:28
Iran's Attack Sparks Crypto Market Decline
Heightened geopolitical tensions in the Middle East, specifically Iran's attack on Israel, resulted in significant losses for traders in the cryptocurrency market.
Crypto Market Downturn
- Bitcoin: Rapid decline of $6,000
- Ethereum: Drops from $3,200 to $2,800
- Altcoins: Experienced declines of 5-10%
Largest Liquidations
- Bullish position holders: $771.76 million losses
- Short traders: $199.63 million losses
- DeFi sector: Liquidations exceed $120 million
An opportunity for traders to buy the dip arises as Bitcoin serves as a macro hedge during geopolitical events.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.