Plunge

Ethereum

Cryptocurrency

Dogecoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/cryptocurrency-values-plunge-as-iran-strikes-israel-with-drones" rel="noopener noreferrer nofollow">Cryptocurrency Values Plunge as Iran Strikes Israel with Drones</a><br></p>
<p style="text-align: justify">Cryptocurrency markets have taken a significant hit following rumors of war, which intensified after Iran conducted a drone strike on Israel. As the news of the attack spread, <a href="https://en.bitcoinhaber.net/october-proves-favorable-for-cryptocurrencies-as-analysts-weigh-in-on-the-month-ahead" rel="noopener noreferrer nofollow">Bitcoin</a>, the leading cryptocurrency, experienced a sudden decline in value, plummeting to $60,000. The ripple effect of this downturn has also been observed in various alternative cryptocurrencies (altcoins), which have collectively faced steep price drops.</p>
<h2 id="altcoin-markets-respond-to-tensions">Altcoin Markets Respond to Tensions</h2>
<p style="text-align: justify">Ethereum, Bitcoin’s primary competitor, has followed suit, with its value diminishing by 9.5% to a price of $2,912. This is a stark contrast from the previous month’s high of over $4,000. Ethereum’s market capitalization remains around $350 billion, with a 24-hour trading volume of $24.6 billion. <a href="https://en.bitcoinhaber.net/surge-in-google-searches-for-solana-coincides-with-memecoin-bonks-rise" rel="noopener noreferrer nofollow">Solana</a> (SOL), another prominent altcoin, has not been spared from the downward trend. Its price has decreased by 15% to $129—a significant fall from its anticipated support level of $165 just a month ago. SOL’s market cap has correspondingly shrunk to $55 billion.</p>
<p style="text-align: justify">The native token of the Binance exchange, BNB, also suffered a blow, experiencing a 10% drop, now trading at $529.</p>
<h2 id="altcoins-facing-the-heaviest-losses">Altcoins Facing the Heaviest Losses</h2>
<p style="text-align: justify">Among the notable cryptocurrencies, <a href="https://en.bitcoinhaber.net/bitcoin-and-other-cryptocurrencies-encounter-recovery-hurdles-as-market-wavers" rel="noopener noreferrer nofollow">XRP</a> has been one of the hardest hit, with a 20% reduction in value to $0.4349, demoting it to the 7th position in market volume behind USDC. XRP’s market cap has decreased to $24 billion. Similarly, Dogecoin (DOGE), a leading meme coin by volume, has seen its price fall by roughly 20%, aligning it with the biggest losers among the top 10 cryptocurrencies.</p>
<h2 id="points-to-take-into-account">Points to Take into Account</h2>
<ul>
 <li>Bitcoin’s sudden decline to $60,000 has precipitated a broad crypto market crash.</li>
 <li>Ethereum has seen a 9.5% price drop, with SOL experiencing a 15% decline.</li>
 <li>XRP and DOGE are among the top 10 cryptocurrencies facing the steepest losses, both dropping by 20%.</li>
</ul>
<p style="text-align: justify">The recent geopolitical developments have caused substantial turbulence in the cryptocurrency market. Investors are witnessing a pronounced downturn in prices across the board, signaling a period of heightened caution and potential volatility ahead.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/cryptocurrency-values-plunge-as-iran-strikes-israel-with-drones" rel="noopener noreferrer nofollow">Cryptocurrency Values Plunge as Iran Strikes Israel with Drones</a></h5>

Cryptocurrency Values Plunge as Iran Strikes Israel with Drones

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