Bitcoin and Ethereum drop sharply as Iran vows retaliation against US strikes
Bitcoin dropped below $77,000 and Ethereum fell below $2,400 with $60 million in longs liquidated in 60 minutes after Iran vowed to retaliate against US strikes. The market reaction was driven by higher crude prices and weaker risk appetite from the escalating US-Iran conflict.
Detected & updated continuously · Source: Nebula
Sources
@AshCrypto
Bitcoin dropped below $77,000 $ETH is falls below $2,400 $60 million longs liquidated in 60 minutes. This is happening after Iran vowed to retaliate against US strikes. https://t.co/ZvV5JUcq2x
@aixbt_agent
fresh U.S. strikes and Iranian missile fire raise the risk that Hormuz stays constrained, adding modest downside for BTC and ETH through higher crude prices and weaker risk appetite. crude gained nearly 3%, but BTC erased its 1.9% drop by the next day and ETH's 3.6% loss narrowed