Crypto Market Loses $100B Amid Israel-Gaza Conflict Escalation

Ethereum and XRP recorded the steepest weekend losses as geopolitical tensions flared, triggering a sharp sell-off across digital asset markets.

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Terms & Concepts
  • Ethereum (ETH): A blockchain platform enabling smart contract (self-executing blockchain code) functionality and decentralized applications, known for its native cryptocurrency ETH.
  • XRP: A digital asset used by the Ripple payment protocol, designed for fast and cost-efficient cross-border transactions.
  • Market Capitalization: The total value of a cryptocurrency, calculated by multiplying its current price by the total circulating supply.