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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-market-faces-downturn-due-to-iran-israel-tensions/" data-wpel-link="internal">Cryptocurrency Market Faces Downturn Due to Iran-Israel Tensions</a> 
The ongoing tensions between Iran and Israel continue to exert selling pressure on the cryptocurrency market. Recently, <a href="https://en.coin-turk.com/bitcoin-price-drops-analysts-and-reports-speak-to-investors-heres-what-you-need-to-know/" data-wpel-link="internal">Bitcoin</a> (BTC) fell below the $63,000 mark while Ethereum (ETH) approached the $3,000 threshold. Significant declines are also observed in other leading altcoins such as Cardano (<a href="https://coin-turk.com/cardano-ada-gelecegi-tahmin-algoritmalari-fiyat-degisiklikleri-uzerine-iddiali" data-wpel-link="internal">ADA</a>), Solana (SOL), and XRP. 
<h2 style="text-align: justify" id="strong-continued-decline-in-bitcoin-strong">Continued Decline in Bitcoin</h2> 
The largest cryptocurrency, Bitcoin, is currently trading at $62,619, marking a 3.75% decrease over the last 24 hours. Despite the price drop, the trading volume has increased by 6.25% to $45 billion during the same period, with a market value of $1.23 trillion. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-340526" src="https://coin-turk.com/wp-content/uploads/2024/04/Bitcoin-Fiyat.jpg" alt="" width="1624" height="792"> 
Experts suggest that Bitcoin’s decline could continue to the $60,000-$58,000 range, and the price might rebound from this threshold. However, the primary determinant will be the intensity of the Iran-Israel tensions. 
<h2 style="text-align: justify" id="strong-current-state-of-the-altcoin-market-strong">Current State of the Altcoin Market</h2> 
Ethereum, a leading indicator in the <a href="https://coin-turk.com/polkadot-dot-yoneticisinden-son-donemde-populer-kripto-para-trendine-karsi-uyari" data-wpel-link="internal">altcoin</a> market, has seen a 3.26% decrease over the last 24 hours, trading just above the $3,000 mark at $3,068. Data shows that Ethereum’s market value is currently $364.8 billion, with a 2.92% increase in trading volume reaching $22.78 billion. 
Meanwhile, <a href="https://en.coin-turk.com/binance-announces-closure-of-bnb-beacon-chain-and-migration-to-bnb-smart-chain/" data-wpel-link="internal">Binance</a>‘s altcoin, <a href="https://en.coin-turk.com/hacker-loses-assets-worth-50-million-after-600-million-bnb-heist/" data-wpel-link="internal">BNB</a> (BNB), has fallen 4.69% to $538.63, though its trading volume has increased by 3.12% to $1.51 billion. Solana has lost momentum amid the general market downturn, dropping 10.52% to $132.94, with a 38.34% decrease in trading volume to $6.06 billion. XRP‘s trading volume has fallen by 47.90% to $2.29 billion, with a price drop of 2.78% below the $0.50 mark. Additionally, Cardano‘s price has decreased by 2.17% to $0.4551, with a significant 35.95% drop in trading volume to $835.75 million. 
With major altcoins melting down, the memecoin market has also experienced deep losses. The largest memecoin, <a href="https://coin-turk.com/memecoin-denilince-tum-ekosistem-gozunu-bu-altcoine-ceviriyor-peki-yukselmesi-mumkun-mu" data-wpel-link="internal">Dogecoin</a> (DOGE), is trading at $0.1535, down 3.68% over the last 24 hours, followed by the second largest memecoin, Shiba Inu (SHIB), which has fallen 4.68% to a trading price of $0.00002128. Solana-based trend memecoin Pepe (PEPE) continues its downward trend, dropping 6.77% to $0.000004899 amid general market sell-offs. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-market-faces-downturn-due-to-iran-israel-tensions/" data-wpel-link="internal">Cryptocurrency Market Faces Downturn Due to Iran-Israel Tensions</a></h5>

Cryptocurrency Market Faces Downturn Due to Iran-Israel Tensions

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