Along with Bitcoin, almost all coins in the cryptocurrency market experienced a sharp and unexpected decline.
While the Bitcoin price was above $71,000 during the day, it dropped to $65,086 with the decline. Bitcoin, the world's largest cryptocurrency, lost approximately 8% of its value during the day.
It is thought that the downward trend is due to geopolitical risks, especially the tension between Iran and Israel.
Decreases are also dominant in the altcoin market. With Bitcoin losing 2.39% in value in the last hour, many altcoins also experienced sudden and sharp losses in value. The largest altcoin Ethereum decreased by 3.32%, BNB by 3.49%, Solana by 6.73%, XRP by 8.34%, Dogecoin by 7.68%, and Cardano by 11.81% in the last hour.
Among the 100 largest altcoins, the altcoins that lost the most value in the last hour are listed as follows:
- Core (CORE) – 18.62%
- dYdX (DYDX) – 16.24%
- Worldcoin (WLD) – 15.16%
- Bonk (BONK) – 14.50%
- Kaspa (KAS) – 13.51%
Following Bitcoin, those least affected by the decline were TRX, OKB, ENA, ETH, AKT, respectively.
*This is not investment advice.