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Bitcoin Holds Near $101,000 as Iran-Israel Conflict Weighs on Crypto Market

Prospects of Iran closing the Strait of Hormuz have investors scaling back positions over fears of an ensuing economic shock.

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Photo: IANS
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Overview

  • Bitcoin hovered around $101,000 on Monday after falling below $99,000 over the weekend on reports of US and Israeli strikes on Iranian targets.
  • Ether dropped about 2.15% and major altcoins such as Solana, Dogecoin and XRP also declined, pulling total crypto market capitalization down 1.35%.
  • CoinGlass data show that 181,115 traders were liquidated in 24 hours, resulting in approximately $627.86 million in forced exits.
  • Net inflows into spot Bitcoin ETFs topped $1.04 billion earlier in the week, followed by minimal additions by Friday.
  • The US Senate passed a landmark stablecoin regulation bill designed to establish the industry’s first unified oversight framework.