The cryptocurrency market saw a sharp correction today following heightened geopolitical tensions sparked by Israeli airstrikes on Iran, triggering a global risk-off sentiment.
Bitcoin (BTC) tumbled below $103,000, marking a 5% drop in 24 hours. The top crypto hit a high of $108,369 before falling to a daily low of $102,822. It is now hovering near $105K, according to data from CoinMarketCap.
Ethereum (ETH) suffered even steeper losses, down 11%, dipping as low as $2,450 despite recent ETF-driven inflows totaling $240 million. The selloff also brought a 36% increase in ETH’s trading volume as volatility surged.
The Crypto Fear & Greed Index slid to “Neutral,” indicating a balance between inflows and sell-offs, although sentiment remains broadly bearish. Binance reported a net taker volume of -$197 million, signaling aggressive selling pressure.
Contributing to the drop, nearly $3 billion worth of Bitcoin options contracts expired today, amplifying volatility.
Top Altcoin Movers:
- Solana (SOL): Down 8.43%, now at $140
- Dogecoin (DOGE): -6%
- XRP: -4%
- Cardano (ADA), SUI, LINK: All posting notable losses
Today’s Trending Tokens:
- USDF (Aster USDF)
- BTC (Bitcoin)
- ETH (Ethereum)
- SOL (Solana)
- PI (Pi Coin)
Top Gainers:
- AB Token (AB): +5%
- UNUS SED LEO (LEO): +3%
- Tron (TRX): +1%
Top Losers:
- SPX (SPX6900): -20%
- FARTCOIN: -16%
- Celestia (TIA): -13%
Market Overview:
- Total Market Cap: $3.27 trillion (▼2.71%)
- 24h Trading Volume: $173.14 billion
Analysts warn that Bitcoin could retest $100K if geopolitical risks escalate, though historical trends suggest markets may recover swiftly after major global events.
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