Crypto Market Reacts to Geopolitical Tensions

The recent geopolitical tensions between Iran and the US have had a significant impact on the global cryptocurrency market. According to CoinMarketCap data, the total crypto market capitalization slipped by 1% to $2.35 trillion.

Bitcoin's price has been particularly affected, dropping below the $70,000 mark and hovering near $68,627 after rapid liquidations worth around $243 million hit the market.

The Ethereum price also declined by 2%, while other altcoins such as BNB, XRP, Solana, Dogecoin, Hyperliquid, and Cardano fell by up to 2%. However, TRON managed a slight gain of 0.3%.