😱Tension between israel and iran impacted the prices of bitcoin and ethereum😱

👉⚠️Just like traditional stocks, the crypto market is also under pressure due to unsettling news that has affected the stock markets. Investors, who were expecting a bullish start in October, were disappointed when both the cryptocurrency and stock markets plunged during the opening bell.

According to CoinGlass data, there have been significant outflows from major crypto assets such as Bitcoin, Ethereum, and Solana. This means that sellers are more than buyers in the market.This correction in Bitcoin price resulted in liquidations totaling $541.16 million, primarily from long trades amounting to $467.30 million.

In the last 24 hours, a total of 160,712 traders have been liquidated due to heightened market volatility, making it the biggest liquidation event since early September.The recent drop in the price of Bitcoin is similar to what happened in April and July when tensions in the Middle East led to a fall in the value of crypto assets.

Due to ongoing conflict and unpredictable market conditions, Bitcoin will likely test lower price levels.The total value of the cryptocurrency market has decreased to $2.25 trillion, down by 6.2% in the last 24 hours. Bitcoin (BTC) went down by 3.73%, and Ethereum (ETH) fell by 6.52%. After making a daily low of $60,164, Bitcoin is now trading at $61,640. Moreover, Bitcoin has been testing the key support area of $60,000 for the past two days. If the BTC price slips below $60,000, then the BTC/USDT pair could slump to the $58,000 and $55,000 range. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $2,500.#Write2Earn! #WeAreAllSatoshi #HBODocumentarySatoshiRevealed #SECAppealRipple #U.S.UnemploymentNewLow $BTC $ETH $BIFI