Cryptocurrency

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

Bitcoin prices were down by 3.14 per cent and Ethereum prices were down by 9.53 per cent. Bitcoin BTC was the most trending cryptocurrency, while AB AB was the top gainer, and Fartcoin FARTCOIN was the top loser

Bitcoin Falls Below $104,000
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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.

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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.

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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.

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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.

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