\n\t\t\t\t\t\t\t\t\tKCS, STABLE, and PIPPIN are today\u2019s top losers after the latest attacks. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Bitcoin\u2019s price moves took another turn for the worse in the past few hours after Israel attacked Iran, and then US President Trump confirmed his country was also involved.<\/p>\n
Numerous altcoins have bled out heavily, while Binance Coin has taken advantage and surpassed XRP in terms of market cap.<\/p>\n
BTC Dumps Again<\/h2>\n
It was already a highly volatile trading week for the primary cryptocurrency as the bears seemed to be in full control by Tuesday. At the time, they pushed the asset south to a multi-week low of $62,500. However, bitcoin rebounded almost immediately and skyrocketed by several grand to $70,000 on Wednesday.<\/p>\n
Many analysts speculated whether this was a typical dead-cat bounce, which turned out to be the case. At first, BTC slipped to around $68,000, where it spent most of Thursday and Friday. However, the situation worsened<\/a> once again on Saturday morning when Israel launched a \u201cpreemptive\u201d attack against Iran and issued a state of emergency.<\/p>\n In minutes, BTC plunged to under $62,800 before it recovered some ground to $63,400 as of press time. US President Donald Trump confirmed<\/a> that the US was also involved in the attacks, and more volatility is expected later today as the situation unravels.<\/p>\n As of now, bitcoin\u2019s market cap has slid to $1.275 trillion on CG, while its dominance over the alts is below 56%.<\/p>\n The graph below will show the painful reality in the altcoin space, in which almost all assets are deep in the red. ETH has plunged by $200 in the past few days to $1,850. XRP was surpassed by BNB after a 9% drop, while SOL has slumped by double digits to under $80.<\/p>\n ADA, HYPE, BCH, DOGE, CC, LINK, and XLM have plummeted hard as well. Declines of up to 20% are evident from KCS, PIPPIN, and STABLE, while stablecoins linked to gold are in the green.<\/p>\n The total crypto market cap has erased over $100 billion in the past day or so and is deep below $2.3 trillion on CG.<\/p>\nAlts Bleed<\/h2>\n
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