Ether leads crypto selloff as US strikes Iran nuclear sites

Ether fell as much as 7.7 per cent on Sunday morning in Asia to about $2,200.

Ether fell as much as 7.7 per cent on Sunday morning in Asia to about $2,200.
| Photo Credit:
NACHO DOCE

The second-ranked token fell as much as 7.7 per cent on Sunday morning in Asia to about $2,200, its lowest intra-day level since May 9, but trimmed some losses during the day. Bitcoin briefly dipped below $101,000 but was almost unchanged at 1:10 p.m in Singapore in the aftermath of the attacks. With traditional markets closed on the weekend, crypto was the only asset class that reacted.  

“Markets are nervously eying ongoing geopolitical developments,” said Caroline Mauron, co-founder of Orbit Markets, a provider of liquidity for crypto derivatives. The next…

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