Cryptocurrency markets remain volatile as of 10:50 PM in Dhaka. Traders are reacting to escalating tensions between the U.S., Israel and Iran following airstrikes, missile launches and regional attacks.
Bitcoin is hovering between $64,000 and $65,000 after falling as low as $63,038 earlier. It briefly bounced above $65,000 before pulling back again.
Ethereum is trading around $1,850 to $1,900. Other major tokens like XRP and Solana have dropped between 4% and 12%.
The total crypto market has lost an estimated $70 to $128 billion in value. Market cap earlier fell near $2.38 trillion as panic selling spread.
Liquidations have surged. More than $500 million in leveraged positions were wiped out in 24 hours, affecting roughly 146,000 to 151,000 traders. Most of the losses came from long positions.
Analysts say this is a classic risk-off reaction. Investors moved toward gold and the U.S. dollar, while oil prices jumped on fears linked to the Strait of Hormuz.
Social media platform X is filled with traders posting liquidation screenshots and market warnings. Some expect further drops toward $60,000 for Bitcoin if tensions worsen, while others predict a rebound if the situation stabilizes.
For now, markets remain on edge. The next 24 to 48 hours could determine whether crypto recovers or faces deeper losses.
Follow on Google News
