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Crypto

Bitcoin Price Dips Amid US-Iran Tensions, but Dogecoin Surges

Guavy AI Editorial Team
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BTC ETH DOGE
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Cryptocurrency markets traded in the red on Monday, mirroring the decline of stocks as tensions between the US and Iran persisted.

The price of Bitcoin plummeted towards $63,000 due to intense selling pressure, with a 24-hour trading volume surge of 56%. Ethereum's trading volume jumped 70%, causing its price to slip below $1,900. The cryptocurrency market capitalization fell by 1.35% over the last 24 hours, reaching $2.18 trillion.

In contrast, Dogecoin gained traction during this period. Analysts attribute the dip in cryptocurrency prices to uncertainty surrounding Iran negotiations and the subsequent risk aversion.

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