The crypto market tumbled sharply over the weekend, triggered by rising tensions in the Middle East. A U.S. airstrike on Iranian nuclear facilities and Iran’s swift retaliation sent risk assets reeling. As markets reacted, a fast and heavy crypto market crash followed, wiping out billions in value.
Bitcoin crashed through $100,000, falling to a session low of $99,764. The decline marked its first break below six figures in weeks, adding to a rough seven-day stretch. Bitcoin is now down more than 6% from last weekend.Â
The broader sentiment turned risk-off almost immediately after the headlines, and Bitcoin led the sell-off with high-leverage wipeouts across derivatives exchanges.
Ethereum was hit hard, dropping to $2,184, its lowest level in weeks. Over the last seven days, ETH has shed over 10% in value. Ethereum took a heavy hit as the selloff deepened. Its price dropped to $2,184, extending a steep weekly decline of over…
