Topic: Crypto market lost over $400 billion in two days, indicates Iran Israel issue (Read 148 times)
April 19, 2024, 01:08:58 PM
We are already in a volatile situation when most of the region is experiencing massive economic and political tension. Especially the Middle East and EU have become battlegrounds. Also, the pre halving period usually become unstable and volatile, as has been seen historically. This is the last shakeout from the whales to force short-term holder to sell off their holding so that the next rally can become easy to do. Those who buy the dip this time will be massively rewarded.
April 19, 2024, 11:22:05 AM
Having these type of unexpected stuff that ruins the market is not really new, if you look at the history of bitcoin then you are going to see that a lot of world news stuff changed the price of bitcoin before and this is just another one of those situations. I believe that as long as we give it enough time, we are going to recover from this easily. It is going to maybe take sometime, but that doesn't mean that it would be impossible to arrange it, we are going to see 70k+ very soon anyway.
We just need to make sure that we are doing whatever we can, and could be reaching to a point where it is going to be best for us all. We just need to make sure that things are not that difficult and we are dealing with it as best as we can.
We just need to make sure that we are doing whatever we can, and could be reaching to a point where it is going to be best for us all. We just need to make sure that things are not that difficult and we are dealing with it as best as we can.
April 19, 2024, 06:52:56 AM
Cryptocurrency crash
The total market capitalization of all cryptocurrencies dropped by over $400 billion within a two-day period as BTC leading the charge by dropping $10,000. The total crypto market cap dropped from nearly $2.8 trillion on Friday morning to about $2.330 trillion yesterday evening. It has recovered around $100 billion since then, but it is still 5% down on the day.
Read in details here...
https://www.cryptocrit.xyz/2024/04/Cryptocurrency-crash.html
The total market capitalization of all cryptocurrencies dropped by over $400 billion within a two-day period as BTC leading the charge by dropping $10,000. The total crypto market cap dropped from nearly $2.8 trillion on Friday morning to about $2.330 trillion yesterday evening. It has recovered around $100 billion since then, but it is still 5% down on the day.
Read in details here...
https://www.cryptocrit.xyz/2024/04/Cryptocurrency-crash.html
It is true that geopolitical conflict can have great negative impact on all financial markets including cryptocurrencies, instances of wars or war like situation can potentially increase the risk factor, hence causing panic selling selling across the board. This morning when Israel attacked Iran Bitcoin price dipped to $59,000 but later it recovered as this attached didnt cause much causalities or collateral damage. Let's hope that wisdom will prevail and both sides will strive to avoid further escalation.
April 19, 2024, 04:43:34 AM
This is not going to take too long and the price of Bitcoin is going to take a new shape and continue the bull run.
We should not be worried or panic because the market is set for another new high and investors are going to make money from the market surely. Earning can be a way of getting compensated after holding coins in the market for months without any information that the market could quickly change part and head to the bull. More money to be made soon.
It is true long term holders have nothing to worry about, however the movement was significant especially for those that use leverage, so I would not be surprised if a great deal of them got margin calls after such movement, which should serve as a warning against using such tools, especially if the one using them is a newbie, since a single mistake is more than enough to lose a great deal of your capital in a short amount of time. We should not be worried or panic because the market is set for another new high and investors are going to make money from the market surely. Earning can be a way of getting compensated after holding coins in the market for months without any information that the market could quickly change part and head to the bull. More money to be made soon.
April 18, 2024, 08:53:28 PM
This is not going to take too long and the price of Bitcoin is going to take a new shape and continue the bull run.
We should not be worried or panic because the market is set for another new high and investors are going to make money from the market surely. Earning can be a way of getting compensated after holding coins in the market for months without any information that the market could quickly change part and head to the bull. More money to be made soon.
We should not be worried or panic because the market is set for another new high and investors are going to make money from the market surely. Earning can be a way of getting compensated after holding coins in the market for months without any information that the market could quickly change part and head to the bull. More money to be made soon.
There is money to be made with Bitcoin, that is true, but the Bitcoin market is not the only place investors of all sizes are looking to make money with their already existing capital.
Conflicts in the middle east have always been associated with an important increase in the market price of energy (gas and oil) and this conflict between Hamas, Israel and now Iran won't be the exception. My bet on what is going on is how some investors and people willing to endure volatility of Bitcoin have decided to close their positions and move their fresh earned money onto the energy market, so they can continue to profit.
Hopefully the situation in the middle east will cold down and the bull run will resume. It is not only for the sake and expectations of money, but also to further guarantee peace in the countries of that area of the planet.
On a side note, I wonder whether there is a inversely proportional relation between Bitcoin and the price of oil. I had not thought about it before.
April 18, 2024, 07:01:00 PM
This is not going to take too long and the price of Bitcoin is going to take a new shape and continue the bull run.
We should not be worried or panic because the market is set for another new high and investors are going to make money from the market surely. Earning can be a way of getting compensated after holding coins in the market for months without any information that the market could quickly change part and head to the bull. More money to be made soon.
We should not be worried or panic because the market is set for another new high and investors are going to make money from the market surely. Earning can be a way of getting compensated after holding coins in the market for months without any information that the market could quickly change part and head to the bull. More money to be made soon.
April 18, 2024, 03:50:05 PM
In the current situation Israel may be at war with Iran in the future but I don't think it has any impact on crypto currency now. The ongoing situation between the two countries and the ongoing changes in cryptocurrency are two different subject. I don't understand why the rise and fall of cryptocurrency is being compared to the Israel-Iran issue. We all already know that bitcoin halving is only a few moment away. If I follow the past halving cycles, bitcoin price correction is very common nowadays. However, I think corrections are a normal part of the market cycle.
April 18, 2024, 03:46:43 PM
Op one you didn't contribute any to the news and just copied the part and paste it here with link. And the link you provided is full with virus and because of the nonsense ads in the link, I can't really read the full details of the article. So I could not read everything but partial reading and got some information. And that news or the article is in doubt because after reading your article I made research to know more about the news but I couldn't find any. The news is not legit.
One thing I was thinking was that how can Israel and Iran war lost $400 billions bitcoin? Although it possible in the country of either Israel or Iran because of the bombing and seed phrases might be bombed along the line but if general and because ot the war bitcoins lost generally then I wouldn't not believe that story. Someone was even saying that it is because of the war, bitcoin is coming down.
One thing I was thinking was that how can Israel and Iran war lost $400 billions bitcoin? Although it possible in the country of either Israel or Iran because of the bombing and seed phrases might be bombed along the line but if general and because ot the war bitcoins lost generally then I wouldn't not believe that story. Someone was even saying that it is because of the war, bitcoin is coming down.
April 18, 2024, 02:14:54 PM
Dropping that much is not really that big of a deal in the crypto world, we are already at max 2 trillion dollar market, and considering we could drop %10 in any given day, I would say that it is not really that much of a big deal. I can see the whole Iran situation made it a lot worse, and everyone got scared but the reality is that if a war happened, that would mean that the price of fiat currencies should go down, not crypto.
I mean think about it, Iran would lose value in their fiat currency for sure, Israel would have trouble added on their current situation and probably even USA would use a lot more tax payers money to go spend it on this new side, even if they do not attack, they would support Israel and send more money.
I mean think about it, Iran would lose value in their fiat currency for sure, Israel would have trouble added on their current situation and probably even USA would use a lot more tax payers money to go spend it on this new side, even if they do not attack, they would support Israel and send more money.
April 18, 2024, 01:37:06 PM
The dumping of Bitcoin is either due to the large percentage of selling due to panic or due to the repeating history that describes that before every halving we have experienced dump. So this dump is not because of the Iran attack on Israel and I think the crypto market is not affected by such reasons.
When people examine that price is going more down then they sell their Bitcoin and other coins due to fear of loss and people whales sell their Bitcoin on a large scale which plays an important role in the market fluctuations. Once halving takes place then price will surge to attain the higher price again so don't lose hope and don't think that it is due to attack.
When people examine that price is going more down then they sell their Bitcoin and other coins due to fear of loss and people whales sell their Bitcoin on a large scale which plays an important role in the market fluctuations. Once halving takes place then price will surge to attain the higher price again so don't lose hope and don't think that it is due to attack.
April 18, 2024, 12:33:00 PM
It is big news definitely but further sharing how this might be the main reason for crypto market declining is just causing further panic therefore making lots of investors take out their assets to turn it into fiat and continually decreasing the price of many cryptocurrencies.
Crypto’s volatility mixed with bad news is not for those easily swayed. There are so many things happening in the world but it does not mean that it affects the bitcoin or the crypto industry directly
Crypto’s volatility mixed with bad news is not for those easily swayed. There are so many things happening in the world but it does not mean that it affects the bitcoin or the crypto industry directly
Actually, I would not be surprised if there were some news media out there which are anti Bitcoin and anti-decentralization and could be taking advantage of this unfortunate conflict going on in the middle east, in order to scare investors and further drop the price of cryptocurrencies.
It is true some news like the ones we have seen could negatively affect the market, but it is up to us to differentiate between organic corrections and corrections which are being provoked by FUD. For example, If I saw some article about Gold being a better asset keep during these conflicts than Bitcoin, then I would try to analyze it with a cold head, instead jumping onto an exchange and sell positions to buy gold.
This is an era when market manipulation can be very widespread, we never know whether a media outlet or a reporter has personal interests on Bitcoin going up or doing down...
April 18, 2024, 12:23:47 PM
It is big news definitely but further sharing how this might be the main reason for crypto market declining is just causing further panic therefore making lots of investors take out their assets to turn it into fiat and continually decreasing the price of many cryptocurrencies.
Crypto’s volatility mixed with bad news is not for those easily swayed. There are so many things happening in the world but it does not mean that it affects the bitcoin or the crypto industry directly
Crypto’s volatility mixed with bad news is not for those easily swayed. There are so many things happening in the world but it does not mean that it affects the bitcoin or the crypto industry directly
April 18, 2024, 10:43:17 AM
I don't think Israel Iran issue is such a large event to initiate a crash in crypto market. After all the Iranian attack was a face saving stunt and they don't want to escalate the tensions. We've seen far worse situation and such events never had large effect on crypto market.
The current crypto crash could be due to a number of events and incidents and overall lack of confidence of the investors. There always had been a correction phase around and after the bitcoin halving and we might be experiencing that. I believe the current fall is temporary and soon we'll have larger bull run breaking most of ATHs.
The current crypto crash could be due to a number of events and incidents and overall lack of confidence of the investors. There always had been a correction phase around and after the bitcoin halving and we might be experiencing that. I believe the current fall is temporary and soon we'll have larger bull run breaking most of ATHs.
April 18, 2024, 10:02:15 AM
If it wasn't that event it was going to be something else. There was a lot of hot air in the meme push as well as the top coins. It needs a rebaseline for the post halving bull run. There always is a smaller bull before the real one. It's a chance for everyone to continue to stack sats. Look at it as an opportunity.
agreed with this one, after so many bullrun it definitely need to pull back at some point the past chart shows such thing too and this pullback is to be expected i mean every signal group and also analyst here and there already notifying that before the last great bullrun there will be price dipping aroun 20% which kinda make sense since previous bullrun always did exactly that but then again even correlating this event around with the ongoing war is not wrong either there are simply too many factors that comes into play.what matter though the result, if bitcoin could reach $100k despite the current price pull back then this means bitcoin is still going strong and the market is actually just fine and still on the direction of keep going up.
but if it somehow turns bearish well thats just the worst case but I believe firmly that the price won't go below that far people are so bullish and thats a good sign even the market right now is greedy.
April 18, 2024, 07:59:11 AM
it makes the people panic sell though when they are presented with information that the war causes the price drop. although this dump is bound to happen because the market is already overbought, this war is gradually becoming the reason for this narrative that it affected the price.
If this were true, we would see $59,000 or less, but the price is still in a range between $60,000 to $75,000, which is something we have been circling around for more than two months.I believe that we've been experiencing price dip before the Iran attack on Israel, and as you've mentioned that it's to be expected before halving, so I don't think that the Iran, attack was the major reason for Bitcoin price dump as it is now. Although some investors will panic and sale, believing that price will crash more, but other halving experiences have shown otherwise that price will dip in pre halving and after that the bull run will correct the price and it'll begin to surge.
Yes, this is what it seems. The political changes were giving a correction of more than 30%, as happened when the pandemic was declared or the beginning of wars, but what happened was an action and reaction, not a real war.price rose this morning and it would not be surprising to see $65,000 soon.
April 17, 2024, 04:48:38 PM
If it wasn't that event it was going to be something else. There was a lot of hot air in the meme push as well as the top coins. It needs a rebaseline for the post halving bull run. There always is a smaller bull before the real one. It's a chance for everyone to continue to stack sats. Look at it as an opportunity.
April 17, 2024, 04:27:45 PM
This is where someone should use a link shortener because it's just too odd to click on some link like yours OP. Anyway, people are still considering about the war that has started with Iran and Israel. There could be a relation to it but I don't see it but if there is then I think that it's just minimal and people shouldn't invest on it if they're into the crypto market as this market indicates and relies on the market supply and demand that we're always been reliant too with the news, good or bad as well.
April 17, 2024, 01:52:27 PM
Political changes affect the cryptocurrency market, but they are not to the degree that would be responsible for a decrease in the price, while all global stock exchanges are less affected by it. Bitcoin is the last to be affected by political news, and when it is affected, you must know that all markets were affected by what happened, which is something that did not happen now.
Historically, the price of Bitcoin declines by halving, and halving will occur within the next 48 hours, so the current decline is expected and normal.
I believe that we've been experiencing price dip before the Iran attack on Israel, and as you've mentioned that it's to be expected before halving, so I don't think that the Iran, attack was the major reason for Bitcoin price dump as it is now. Although some investors will panic and sale, believing that price will crash more, but other halving experiences have shown otherwise that price will dip in pre halving and after that the bull run will correct the price and it'll begin to surge. Historically, the price of Bitcoin declines by halving, and halving will occur within the next 48 hours, so the current decline is expected and normal.
April 17, 2024, 10:37:37 AM
Political changes affect the cryptocurrency market, but they are not to the degree that would be responsible for a decrease in the price, while all global stock exchanges are less affected by it. Bitcoin is the last to be affected by political news, and when it is affected, you must know that all markets were affected by what happened, which is something that did not happen now.
Historically, the price of Bitcoin declines by halving, and halving will occur within the next 48 hours, so the current decline is expected and normal.
Historically, the price of Bitcoin declines by halving, and halving will occur within the next 48 hours, so the current decline is expected and normal.
it makes the people panic sell though when they are presented with information that the war causes the price drop. although this dump is bound to happen because the market is already overbought, this war is gradually becoming the reason for this narrative that it affected the price.
it is either manipulated or the memecoin holders are really selling, there are still people who have no idea what halving could do to the market so they sell.
April 17, 2024, 10:26:37 AM
Political changes affect the cryptocurrency market, but they are not to the degree that would be responsible for a decrease in the price, while all global stock exchanges are less affected by it. Bitcoin is the last to be affected by political news, and when it is affected, you must know that all markets were affected by what happened, which is something that did not happen now.
Historically, the price of Bitcoin declines by halving, and halving will occur within the next 48 hours, so the current decline is expected and normal.
Historically, the price of Bitcoin declines by halving, and halving will occur within the next 48 hours, so the current decline is expected and normal.
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