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Why Is Crypto Market Crashing Today (Feb 28)

Why Is Crypto Market Crashing Today (Feb 28)

The crypto market has continued its freefall led by Bitcoin’s retreat back to the $63,000 mark. The coin had maintained a position above $67,000 for the most part of the week but as since continued its downtrend from Friday trading. Altcoins have also posted losses following BTC’s trajectory.

Crypto Market Falls on Amid U.S.-Iran War Tensions

The market has experienced a sharp decline in value after the news of the strike by the US and Israeli missiles in Iran emerged. This has caused global uncertainty, resulting in an immediate sell-off in the market. The total market cap has decreased to $2.21 trillion, down by 5.49% in the past 24 hours.

Source: TradingView; Crypto market cap daily chart

The price of Bitcoin declined to…

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