The total value of the crypto market fell by 5.2% in the last 24 hours to $2.75 trillion. 📉

Total liquidations in the derivatives market exceeded $500 million. The biggest losses came from BTC investors, but altcoins are in a similar situation.

The price of Bitcoin fell to $60,170, but the bulls quickly recovered and are currently around $61,500.

Tensions in the Middle East are prompting investors to exit risky assets like Bitcoin. Altcoins also experienced major declines.