Bitcoin Volatility Liquidates $700M, the US Strikes Iran as Conflict Escalates (Weekend Watch)
Crypto markets are going through considerable volatility throughout the past 24 hours as international events are certainly playing their part.
Bitcoin dropped to an intraday low of around $101,000, causing a considerable uptick in liquidated positions.
Bitcoin Price Dips to $101,000
As CryptoPotato reported earlier today, Bitcoin’s price dipped to an intraday low of $101,000. It has since recovered a little bit and trades at $102,500 at the time of this writing.
That said, the volatiltity remains enhanced, which has resulted in a whopping $700 million worth of liquidated positions across derivatives markets.
Data from CoinGlass shows that this represents an increase of more than 55% compared to yesterday’s levels, attesting to the uncertainty of the ongoing situation.
The turmoil is largely caused by the US decision to strike Iran earlier today, despite Donald Trump saying that he will take two weeks to decide on future moves, just a few days ago.
Bahrain and Kuwait, home to US bases, also started making preparations for the possibility the conflict might spread to their territory in a clear sign of escalation. The same is true for Saudi Arabia.
Altcoins Deep in the Red
The declines spread across altcoin markets as well, which took even bigger of a beating. ETH plunged by more than 7%, SOL is down by over 6%, DOGE, ADA, LINK, SUI, and many more chart similar drops as traders derisk.
The obvious exception is LEO, which remains more or less break even on the day, at least from the top 50 cryptocurrencies by means of total market capitalization.
Today’s worst performer is Aptos (APT), followed by Virtuals Protocol, and Injective (INJ), all of which are down in the range between 10% and 13%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Institutional Investors Get Regulated Access to DeFi’s Fastest-Growing Force
- 21Shares launches first regulated ETP for Hyperliquid’s HYPE token on SIX Swiss Exchange, enabling institutional access without onchain custody. - Hyperliquid processes $8B daily trading volume, with 95% revenue funding HYPE buybacks, boosting token demand and stability. - Platform’s HyperEVM and Phantom partnership expand DeFi functions beyond trading, supporting app development and liquidity. - Projections predict 126x HYPE value growth by 2028, driven by fee revenue and stablecoin adoption, despite re
Ethereum News Today: Ethereum Whales Shift Capital to Pepe Dollar Amid Profit-Taking Exodus
- Ethereum investors shift capital to Pepe Dollar (PEPD) as ETH faces profit-taking pressure and potential $1,400 decline. - PEPD's $1.76M Stage 2 presale targets $0.03695 launch price, leveraging Ethereum-based PayFi infrastructure for real-world utility. - Whale investors favor PEPD's capped supply and staking/gaming ecosystem over volatile ETH, signaling market rotation toward structured presales. - PEPD's cultural appeal and technical rigor position it as a 2025 presale leader amid crypto's shift towar
XRP News Today: Institutional Eyes Turn to High-Growth Altcoins as 2025 Bull Market Nears
- Whales and institutional investors are eyeing SEI, XRP, and MAGACOIN FINANCE as high-return 2025 crypto bets. - SEI's "Giga" upgrade boosted throughput 50x, pushing its price to $0.26 with $0.50 2025 forecasts and $5.10 2040 targets. - XRP gained momentum after SEC dropped its 2025 lawsuit, removing regulatory uncertainty for Ripple's native token. - MAGACOIN FINANCE emerges as a 70x return altcoin, blending meme appeal with DeFi utility in the 2025 bull market. - Market volatility persists amid U.S. cry
Bitcoin News Today: Bitcoin's Quiet Transformation: Why It's No Longer Just a Wild Ride
- JPMorgan claims Bitcoin is undervalued vs. gold, citing volatility dropping to 30% (from 60% in 2025) and a 2.0 volatility ratio. - The firm estimates Bitcoin needs a 13% price increase ($126,000) to match gold's $5T private investment, implying a $16,000 undervaluation. - Corporate treasury accumulation (6% of supply) and index inclusion are key drivers of reduced volatility, boosting institutional adoption. - Analysts highlight Bitcoin's maturing risk profile and structural market shifts, suggesting po
Trending news
MoreCrypto prices
More
