- Middle East tensions and U.S. strikes on Iran erased $80 billion from total cryptocurrency market capitalization in a single day, according to the report.
- Rising geopolitical tensions pushed Bitcoin (BTC) below $73,000, while Ethereum (ETH) also fell through the $2,000 psychological support level.
- Nick Ruck said broader geopolitical risks, the possibility of disruptions to oil supply and demand for safe-haven assets made Bitcoin and Ethereum trade like high-beta risk assets.
Forecast Trend Report by Period
Middle East tensions wiped about $80 billion from the cryptocurrency market in a single day.
Cointelegraph reported on May 28 that total crypto market capitalization fell by…
