Crypto markets are going through considerable volatility throughout the past 24 hours as international events are certainly playing their part.<\/p>\n
Bitcoin dropped to an intraday low of around $101,000, causing a considerable uptick in liquidated positions.<\/p>\n
Bitcoin Price Dips to $101,000<\/h2>\n
As\u00a0CryptoPotato\u00a0<\/em>reported<\/a> earlier today, Bitcoin\u2019s 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.<\/p>\n That said, the volatiltity remains enhanced, which has resulted in a whopping $700 million worth of liquidated positions across derivatives markets.<\/p>\n Data from CoinGlass shows that this represents an increase of more than 55% compared to yesterday\u2019s levels, attesting to the uncertainty of the ongoing situation.<\/p>\n The turmoil is largely caused by the US decision to strike<\/a> Iran earlier today, despite Donald Trump saying that he will take two weeks to decide on future moves, just a few days ago.<\/p>\n 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.<\/p>\n 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.<\/p>\n 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.<\/p>\n Today\u2019s worst performer is Aptos (APT), followed by Virtuals Protocol, and Injective (INJ), all of which are down in the range between 10% and 13%.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.<\/span><\/span><\/p>\n<\/div>\nAltcoins Deep in the Red<\/h2>\n
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