Crypto wrap: Israel-Hamas war ignites sell-off, Ethereum lowest since March

The cryptocurrency market saw wide-reaching losses across the board in the last week, largely leading from the energy surrounding the scene around escalating tensions in Israel and the Gaza Strip. On Friday, Bitcoin was trading at $26,800, an indent of around 3% during that period. Ethereum was down by an even more pronounced number of 5.2% to settle at $1,549, CoinMarketCap said. Tokens such as Solana, Cardano, and Ripple were showing colorations of red, too. PARth Chaturvedi, Investments Lead at CoinSwitch Ventures, posted; “Cryptocurrency markets endured great declines as world participants flooded with stress surrounding the Israel and Palestine conflict, sending risk posture undergoing a radical shift with no signs of lowering in the lowered horizon.” Chaturvedi continued with ” All apical crypto assets, traditional forms being to satisfy scanty success demands due to both Bitcoin and Ethereum plummeting during the past week and both appear pruned below $27,000 and $1,600, correspondingly.”

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