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Share link:In this post: Bitcoin fell from $64k to around $60k due to escalating fears of conflict in the Middle East. The overall crypto market cap declined nearly 4% to $2.17 trillion. Over 154,000 traders were liquidated in the past 24 hours, totaling $524.31 million.
Quick Take U.S. spot bitcoin ETFs recorded $242.53 million in net outflows on Tuesday. Bitcoin fell 3.47% to trade at $61,446. Ether slid 5.89% to change hands at $2,480.
Nasdaq dropped over 1%, while energy stocks rose as US oil prices climbed 2.4%. Bitcoin fell by 4%, diving from $66,000 to $61,000, as fear spread across markets. Geopolitical conflicts tend to trigger short-term drops, with market recovery typically taking 47 days.
Quick Take The Securities and Exchange Commission is appealing the Aug. 7 judgment regarding the web3 payments firm Ripple. “We believe that the district court decision in the Ripple matter conflicts with decades of Supreme Court precedent and securities law,” an SEC spokesperson said.