ETH dropped to the $2,400 price level, crashing 6.10% in the past 24 hours.
TON, BNB, and SOL nosedived 5.96%, 4.76%, and 5.68% at the same time.
AVAX and ADA prices also plunged 8.14% and 6.57%, respectively.
The crypto market crashed on Wednesday as tensions between Israel and Iran escalated. Bitcoin (BTC), the worldâs largest cryptocurrency by market capitalization, plummeted from $64,000 to $60,000. However, it later rebounded to trade above $61,000.
Major Altcoins Suffer Significant Losses
Leading altcoins including Ethereum (ETH), Toncoin (TON), BNB, Solana (SOL), Cardano (ADA), and Avalanche (AVAX) printed significant losses for investors. ETH, the second-largest crypto coin by market cap, dropped a massive 6.10% in the past 24 hours and is trading at $2,477.37 at the time of writing.Â
SOL and TON, the altcoins ranked among the top 10 digital assets by market cap, have also dropped significantly in the past 24 hours. SOL crashed 5.68% while TON dipped 5.96% and are trading at $146.63 and $5.44. In the past week, the prices of these two have declined by 2.44% and 4.44%, respectively.
ADA dropped 6.57% to $0.357 in the past 24 hours, crashing frâŠ
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