🚨 Cryptocurrency Plummets Today—Here Are the Main Reasons 👇
Digital assets dropped sharply on Thursday due to escalating Middle East tensions and rising U.S. inflation data (PPI), suppressing risk appetite 📉
📊 Details:
•
#BTC fell to $69,000
•
#ETH dropped to $2,100
• Other assets like $XRP $SOL $DOGE declined 3%–6%
💥 Over $300 million in long positions were liquidated, exacerbating the decline.
🌍 Primary drivers: Tensions severely escalated following an attack on Iran's South Pars gas field, while Strait of Hormuz tensions intensified, pushing oil prices to new highs ⛽
📉 Global ma