The price of bitcoin registered a collapse of more than 8.4% on Saturday, after Iran’s attacks against Israel intensified tensions in the Middle East, as confirmed on the Cointelegraph portal.
The cryptocurrency was worth $61,625 per unit, wiping out more than $130 million in market capitalization in a matter of minutes.
Other major cryptocurrencies also suffered losses: Ether fell 9.8% to $2,927, while Solana plummeted 15.96% to $129.
In total, the capitalization of the global cryptocurrency market fell by 8.19% to $2.23 trillion.
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