The cryptocurrency market faces a downturn with Ethereum dropping over 10% and Bitcoin falling below $104,000 amid escalating geopolitical tensions in the Middle East.
The cryptocurrency market experienced a significant downturn, with Ethereum (ETH) dropping 10.07% below $2,500 and Bitcoin (BTC) falling 4.42% to under $104,000 due to escalating tensions in the Middle East. Other sectors also faced losses, with CeFi down 3.63% and GameFi declining 10.64%, although LEO Token (LEO) rose 1.30%. Layer1 and DeFi sectors saw declines of 7.88% and 11.73%, respectively, while some tokens like NEXPACE (NXPC) gained 8.20% on acquisition rumors.