Bitcoin's Price Plummets Toward $80K as Market Tumbles
Bitcoin's impressive rally has come to an abrupt halt at $82,000. The asset has lost almost two grand since then, and its price is now sliding towards $80K.
The major escalation in the Middle East on Saturday evening may have contributed to this sudden reversal.
Most larger-cap altcoins have followed suit, with ZEC and XMR leading the decline. Both of these largest privacy coins have slumped by around 8%, while RAIN, NEAR, and UNI have posted losses of up to 5%.