While an increase in Bitcoin and altcoins was expected with the arrival of October, the month of rise, the tension between Iran and Israel caused sharp declines.
While Bitcoin (BTC) has dropped below $60,000, Ethereum (ETH), Solana (SOL) and XRP are also trading in the red zone.
In the last 24 hours, ETH fell by 5% to $ 2,320, SOL fell by 7.5% to $ 135, XRP fell by 11% to $ 0.52, and Dogecoin (DOGE) fell by 2.4% to $ 0.103.
Altcoins also accompanied the decline in Bitcoin, with only four altcoins experiencing an increase in the last 24 hours.
According to the data, Aptos (APT), Flare (FLR), Stacks (STX), and Tron (TRX) were trading in the green.
On the other hand, according to Coinmarketcap data, the biggest losers in the last 24 hours are as follows: Conflux (CFX) in 3rd place with a loss of 11.2%, Ethena (ENA) in 2nd place with a loss of 13.13% and Wormhole (W) in 1st place with a loss of 13.6%.
During this decline, a large number of long positions were liquidated. According to Coinglass data, $277.9 million worth of leveraged trades were liquidated in the last 24 hours. $224.5 million of these were long positions and $53.4 million were short positions.
In the last 24 hours, 95,981 traders liquidated, with the largest single liquidation order occurring on Binance on the ETH/USDT trading pair. The value of the transaction was $12.24 million.
*This is not investment advice.