Cryptocurrencies down by 4.5% amid Iran-Israel escalating tensions

The value of the market was at $2.29 trillion at 10.20 a.m. EDT, according to data from CoinMarketCap – a digital asset price-tracking website

As investors are distraught about the escalation of Iran’s attack on Israel, the total market capitalization of cryptocurrencies was down 4.5% on Tuesday.

The value of the market was at $2.29 trillion at 10.20 a.m. EDT, according to data from CoinMarketCap –a digital asset price-tracking website.

Bitcoin fell almost 3.9% to $62,960, while the world’s largest cryptocurrency saw its price dive to below 62,000 again after Saturday.

Bitcoin’s price plummeted to as low as $60,725 on Saturday when Iran launched a barrage of drones and missiles at Israel in response to an April 1 attack on the Iranian Consulate in Syria, where at least 13 people were killed, including seven military advisers.

Ethereum, the world’s biggest altcoin by market cap, was down 3.7% to $3,074 at 10.23 a.m. EDT.

Some altcoins saw their daily prices plummet as much as 16%.

Source: AA