Cryptocurrencies are broadly extending declines on Wednesday, after last week’s recovery. The sell-off has seen Bitcoin (BTC) slide below $62,000, increasing downside risks toward the next key support at $60,000.
Ethereum (ETH) is edging lower, targeting the demand range at $1,700, while Ripple (XRP) remains under pressure, trading around $1.08.
Crypto sell-off intensifies as sellers assess Middle East conflict
Headwinds continue to weigh on the crypto market, as geopolitical tensions in the Middle East escalate. According to AP News, Iran launched attacks on American military bases in the Middle East on Wednesday in retaliation for attacks by the United States (US) on several places in Iran. The US has also reinstated sanctions on…
