Crypto market hit by $1b in liquidations as US strikes Iran
Roughly 240,000 traders were liquidated in the past 24 hours as the crypto market reeled from news that U.S. bombers attacked Iran’s main nuclear sites, according to Coinglass.
Total liquidations topped $1.03 billion by midday on Sunday in New York, highlighting the scale of the market shakeout.
With traditional markets closed for the weekend, crypto was the first to react to the geopolitical shock.
By Sunday morning in New York, Bitcoin (BTC) had dropped as much as 4% to just above $99,300, while Ethereum fell 9% to $2,185—its lowest intraday level since May 9.
See the Bitcoin chat below.
The crypto market plunged after President Donald Trump announced late Saturday that U.S. forces bombed…
