Bitcoin Falls Below $104,000, Ethereum Drops 9% After Israeli Airstrikes on Iran

Bitcoin prices slipped below $104,000 on Friday, along with a broader decline in other cryptocurrencies. The drop came following reports of Israeli airstrikes on Iran, which escalated tensions in the Middle East. Ethereum saw a sharper fall, declining by 9.6 per cent over the past 24 hours. At the time of writing, the total crypto market capitalisation saw a decline by 4.80 per cent to $3.23 trillion, while the 24-hour trading volume rose by 21.70 per cent to $164.55 billion.

Bitcoin BTC was the most trending cryptocurrency. Its price was down by 3.65 per cent to $103,981.24. Its 24-hour trading volume was $1.33 million. AB AB was the top gainer, up by 6.43 per cent, with a 24-hour trading volume of $251.77 million, while Fartcoin FARTCOIN was the top loser. It was down by 19.57 per cent, and its 24-hour trading volume was $486.17 million.

The DeFi market cap was at $40.80 billion, Coinmarketcap.com reported.

Edul Patel, Co-founder and CEO of Mudrex said, “The crypto market reacted strongly to the rising geopolitical tensions in the Middle East. Bitcoin is trading around $103,500, showing resilience near the support levels. Meanwhile, Institutional appetite remains strong, as Bitcoin ETFs recorded over $980 million in net inflows this week.”

“If bulls fail to take control, BTC could test the $101,700 levels before gaining back momentum. Despite a pullback in major altcoins, Ethereum maintained bullish momentum, with ETH futures open interest hitting an all-time high of $20 billion. This indicates growing market participation and a fresh influx of capital,”he added.

Cryptocurrency Prices

Bitcoin (BTC): Bitcoin prices were down by 3.65 per cent to $103,948.70. Its 24-hour trading volume was $67.39 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 62.60 per cent.

Ethereum (ETH): Ethereum prices were down by 9.53 per cent to $2,502.06. Its 24-hour trading volume was $37.07 billion, and its market dominance was 9.30 per cent.

Tether (USDT): Tether was trading at $1.00. It was down by 0.05 per cent. Its 24-hour trading volume was $112.05 billion. It is currently ranked third on Coinmarketcap.

Other Altcoins

Solana prices were down by 10.16 per cent to $143.07 Its 24-hour trading volume was $4.79 billion.

Avalanche AVAX was trading at $18.95, down by 10.56 per cent. Its 24-hour trading volume was $619 million.

Cardano ADA was trading at $0.6282, down by 8.97 per cent. Its 24-hour trading volume was $1.03 billion.

Meme Coins

Dogecoin was down by 9.44 per cent, with a 24-hour price of $0.1721.

Shiba Inu was down by 8.90 per cent to $0.00001166.

Decentralised Finance

DeFi Coin was down by 7.89 per cent, and it was trading at $0.002446.

Yearn Finance was down by 7.51 per cent to $5,056.65, with a 24-hour trading volume of $20.76 million.