Cryptocurrency markets, one of the most dynamic investment tools of recent years, are experiencing one of the sharpest declines of recent times. So much so that Bitcoin, one of the leading cryptos in the market, lost 12 percent and Ethereum lost 20 percent. Details are in the news.
The Current State of the US Economy Caused a Sharp Fall in Cryptocurrency Markets
Cryptocurrency markets, which have been in a general downward trend lately, almost crashed due to the economic developments and war agenda in the USA at the beginning of last week. Bitcoin (BTC), which had a price of over 60 thousand dollars on August 1, has lost more than 12 percent in value in the last 24 hours, with the decline experienced in the past hours. BTC is currently trading at $53,500.
Along with Bitcoin, other popular cryptocurrencies also fell sharply. Ethereum (ETH) 19 percent, Binance Coin (BNB) 17 percent, Solana (SOL) 15 percent, Ripple (XRP) 14 percent, Toncoin (TON) 12 percent, Dogecoin (DOGE) 14 percent, Cardano (ADA) 14 percent It has lost more than .
Experts state that after a possible recession on the horizon for the USA, investors tend to move away from the markets, which is why the crypto market is experiencing a negative movement. In addition, it is said that Asian markets opened with a decline and tensions between Iran and Israel were among the main reasons underlying the hard dream.
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