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Crypto

Middle East Tensions Squeeze Crypto Market, Bitcoin Dips Towards $80K

Guavy AI Editorial Team
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BTC AVAX
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Bitcoin's rally towards $82,000 was halted by Middle East tensions, which weakened demand for risk assets and led to a decline in the broader crypto market.

The total cryptocurrency market value fell by around $40 billion over the day, dropping to approximately $2.74 trillion.

Bitcoin itself dropped 1.11% to $80,372.17 over 24 hours, with several major altcoins posting deeper losses.

Avalanche was an exception, rising more than 11% to trade above $9.60.

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