Ethereum

2024

Bitcoin

April

<div class="finbold">
 <p class="paragraph">The global cryptocurrency <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> experienced a notable price surge despite escalating tensions in the Middle East. On April 19, early morning, Israel launched a retaliatory strike against Iran, a move that has heightened geopolitical uncertainties.&nbsp;</p>
 <p class="paragraph">The reported Israeli strike has the potential to escalate regional conflict, traditionally a factor that leads to <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> volatility with leveraged traders losing over $300 million in the initial hours following the news.</p>
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    <p lang="en" dir="ltr">NEW️ Almost $300m in leveraged positions liquidated this morning as a result of Israel's attack on Iran.<br><br>Prices quickly bounced back as it became clear there was little damage.<br><br>For real-time coverage follow my account:<br>@RadarHits pic.twitter.com/SRdmStdJ0y</p>— Bitcoin Archive (@BTC_Archive) April 19, 2024
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 <p class="paragraph">However, since then the crypto market has recovered as it became clear there was little damage sustained during the retaliation.&nbsp;</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <p class="paragraph">As of press time, the total market capitalization for cryptocurrencies sits at $2.35 trillion. This represents an influx of over $100 billion, or more than 4%, compared to the $2.25 trillion recorded on April 18 despite the new news.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="546" src="https://cdn.thebittimes.com/images/2024/04/19/0e9bdc0c74903ee88de7b65b84d3a086.webp" alt class="wp-image-170176" srcset="https://cdn.thebittimes.com/images/2024/04/19/0e9bdc0c74903ee88de7b65b84d3a086.webp 1024w, https://cdn.thebittimes.com/images/2024/04/19/0e9bdc0c74903ee88de7b65b84d3a086.webp 300w, https://cdn.thebittimes.com/images/2024/04/19/0e9bdc0c74903ee88de7b65b84d3a086.webp 768w, https://cdn.thebittimes.com/images/2024/04/19/0e9bdc0c74903ee88de7b65b84d3a086.webp 1536w, https://cdn.thebittimes.com/images/2024/04/19/0e9bdc0c74903ee88de7b65b84d3a086.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Global cryptocurrency 24h market cap. Source: <em>CoinMarketCap</em>
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 </figure>
 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2>
 <p class="paragraph">Bitcoin (BTC) price experienced a sharp decline and following recovery within a short time frame on Friday, April 19. This fluctuation coincided with aligned reports of an Israeli strike.</p>
 <p class="paragraph">Initial <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> reactions were negative, with Bitcoin’s price dropping to $61,850 amidst the geopolitical events.&nbsp;</p>
 <p class="paragraph">However, the narrative quickly shifted as news emerged suggesting the Israeli strike caused limited damage. This positive development instilled renewed confidence in the market, leading to a swift rebound.&nbsp;</p>
 <p class="paragraph">At the press time, Bitcoin had not only recovered from its earlier dip but had actually surpassed its pre-conflict price point. The current trading price of $64,711 represents a near 5% increase over the past 24 hours.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="660" height="537" src="https://cdn.thebittimes.com/images/2024/04/19/3d858dfc06b60eaccc0e69659742c16e.webp" alt class="wp-image-170175" srcset="https://cdn.thebittimes.com/images/2024/04/19/3d858dfc06b60eaccc0e69659742c16e.webp 660w, https://cdn.thebittimes.com/images/2024/04/19/3d858dfc06b60eaccc0e69659742c16e.webp 300w" sizes="(max-width: 660px) 100vw, 660px">
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   Bitcoin 24h price chart. Source: <em>Finbold</em>
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 <h2 class="wp-block-heading" id="h-ethereum-price-analysis">Ethereum price analysis</h2>
 <p class="paragraph">Ethereum (ETH) price made another attempt at a recovery, maintaining stability above the $3,000 mark. However, resistance around the $3,100 level, similar to Bitcoin, was defended by bearish <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> participants.</p>
 <p class="paragraph">Subsequently, a decline ensued, breaching the $3,000 boundary and even dipping below the critical support level of $2,900. The price reached a low point at $2,867 before initiating a rebound to recover some of the losses.</p>
 <p class="paragraph">Currently, Ethereum is trading around $3,099, marking a 1.28% increase over the past 24 hours.</p>
 <figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="660" height="537" src="https://cdn.thebittimes.com/images/2024/04/19/6590325cfd93696580f3702c8c31a4fa.webp" alt class="wp-image-170174" srcset="https://cdn.thebittimes.com/images/2024/04/19/6590325cfd93696580f3702c8c31a4fa.webp 660w, https://cdn.thebittimes.com/images/2024/04/19/6590325cfd93696580f3702c8c31a4fa.webp 300w" sizes="(max-width: 660px) 100vw, 660px">
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   Ethereum 24h price chart. Source: <em>Finbold</em>
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 <p class="paragraph">In conclusion, despite geopolitical tensions and <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> uncertainties, the cryptocurrency <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> displayed surprising resilience.</p>
 <p class="paragraph">Bitcoin not only recovered from a brief dip but even surpassed its pre-conflict price, potentially supported by expectations surrounding the upcoming Bitcoin halving event. While Ethereum experienced some volatility, it managed to close the day with a modest gain.</p>
 <p class="paragraph">However, with the BTC halving event impending with less than 100 blocks remaining and just a matter of hours left before it takes place, uncertainty surrounding the future direction of cryptocurrencies remains high.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-market-adds-over-100-billion-despite-israel-s-response-attack-tbt85785.html">https://thebittimes.com/crypto-market-adds-over-100-billion-despite-israel-s-response-attack-tbt85785.html</a></p>

Crypto market adds over $100 billion despite Israel’s response attack

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