While Israel made strikes against Iran last night, the Crypto market reacted by risk aversion by falling again. Thus, $ 1.14 billion was liquidated in 24 hours.
Cryptos drop after the strikes of Israel against Iran
Tonight, Israel has made strikes on Iranclaiming to have targeted key installations of the country's nuclear program. According to first announcements, several military officers and scientific leaders were killed, but also civilians.
Thus, this comes to exacerbate a situation already more than tense in the Middle East, the Crypto market accused the blow, against a background of risk aversion.
Indeed, the price of bitcoin (BTC) has less than $ 104,500, down 3 % over 24 hours, while other values are more than more, like ETH which gives up more than 9 %:
Overview of the Top 10 Crypto
While The fall of the ETH is not an isolated caseas we can see above, the entire Crypto capitalization is currently a decrease of 6.9 % at the time of writing these lines.
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As for the liquidations on centralized platforms offering derivative products, Coinglass data show the equivalent of $ 1.14 billion in 24 hours.
While most of the volumes were carried out during the night, it is the buying positions that suffer the most, in the vast majority:
Liquidations on the Crypto market
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On the graphic side, the BTC now finds a consolidated support line for several weeks now, despite an attempted break down last week. Note, however, that the last higher historical (ATH) was not exceeded, and that after a high point at 110,600 dollars, the asset continues its 4th day of consecutive decline:
BTC courses in daily data
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While we are there facing negative factors outside the crypto ecosystem, it will be necessary to monitor to what extent this contagion will continue.
For its part, the Iranian Ministry of Foreign Affairs is holding the United States responsible for these strikes, saying that Israel would not have allowed this without their agreement. For his part, Donald Trump has to bring together a Security Council this Friday at 5 p.m. Paris time.
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Sources: quince, tradingView
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Investments in cryptocurrencies are risky. There is no guaranteed high yield, a product with high performance potential implies a high risk. This risk taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital
Since 2021, I have devoted my free time to seriously train myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to carry out interviews with influential personalities from the blockchain industry. I also conduct in -depth analyzes on web3 themes to offer exclusive content to cryptoast readers.
Vincent Mayor
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