Bitcoin (BTC), Ethereum (ETH) and other cryptos are losing value as tensions escalate in the Middle East

The cryptocurrency market has registered a massive reaction to the escalating tensions in the Middle East. Bitcoin (BTC), the king coin, has lost almost 8% of its value in a matter of minutes, while other cryptocurrencies recorded an even greater loss. The major crypto crash follows news of Iran's official attack on Israel, which was confirmed by Israeli authorities.

According to CoinMarketCap, Bitcoin (BTC) was trading at $62,049 at press time, with a market cap of over $1 trillion. The coin witnessed a downtrend of 7.51% in the last hour, while its trend over the past day shows a similar pattern.

Bitcoin (BTC) price Source: TradingView

The story continues to develop…

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers