Cryptocurrencies React to Escalating Tensions: Ether Drops, Bitcoin Holds Steady

Amid the recent U.S. military escalation against Iran, the cryptocurrency market experienced sharp fluctuations.
Ether was notably affected, while Bitcoin showed some degree of stability.

Contents

Ether
Bitcoin

Ether

Sharp Drop in Ether Following U.S. Airstrikes

Ether fell by as much as 7.7% on Sunday morning, reaching approximately $2,200 — its lowest level since May 9.
The drop came after U.S. President Donald Trump announced airstrikes targeting Iran’s main nuclear facilities, i
ncluding Fordow, Natanz, and Isfahan.
The news triggered a broad sell-off in the market, particularly among altcoins like Ether.

Bitcoin

Bitcoin Absorbs the Shock and Shows Relative Resilience

In contrast, Bitcoin briefly dipped below $101,000 but quickly recovered some of its value and stabilized.
Cosmo Jiang, general partner at Pantera Capital Management, commented that geopolitical uncertainty put pressure on the markets.
However, Bitcoin once again demonstrated its resilience in the face of crises and often leads recovery waves following global tensions.

Cryptocurrencies React to Escalating Tensions: Ether Drops, Bitcoin Holds Steady

Cryptocurrencies React to Escalating Tensions: Ether Drops

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