Bitcoin, Ethereum, XRP, Dogecoin fall sharply as U.S.-Iran tensions escalate with no deal in sight
By
Aniket Verma
4d ago· 3 min readenNews
85/100
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Summary
Leading cryptocurrencies including Bitcoin, Ethereum, XRP, and Dogecoin experienced sharp declines on Wednesday amid reports of fresh U.S. strikes on Iran and no progress in U.S.-Iran deal negotiations. Bitcoin nearly fell below $74,000, Ethereum struggled to hold the $2,000 support level, and over $450 million was liquidated from the crypto market in 24 hours—with $400 million in long positions wiped out. Bitcoin's open interest dropped 0.89%, and both retail and whale derivatives were affected.
Key quotes
· 3 pulledBitcoin tumbled, coming close to sinking below $74,000, while Ethereum battled bears to defend the key $2,000 support.
Over $450 million was liquidated from the cryptocurrency market in the past 24 hours, with $400 million in long position erased, according to Coinglass data.
Bitcoin's open interest fell 0.89% over the last 24 hours.
Leading cryptocurrencies fell sharply on Wednesday, while stocks rallied to record highs with no breakthrough in sight for a U.S.-Iran deal.
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