Blockchair's logo

Why Did The Bitcoin And Ethereum Price Crash? Bitcoinist 26 Oct 2024

Why Did The Bitcoin And Ethereum Price Crash? 📉

Ethereum İran Bitcoin Israel Tether

The prices of Bitcoin and Ethereum dropped significantly within the last 24 hours, falling below $67,000 and $2,500, respectively. This decline in value is primarily attributed to the news of a potential investigation into the USDT issuer, Tether, which has raised concerns among investors.

In addition to the concerns surrounding Tether, geopolitical tensions between Israel and Iran have also influenced the cryptocurrency market. An attack by Israel on Iran contributed to further instability, impacting the prices of major cryptocurrencies like Bitcoin and Ethereum.

These combined factors—regulatory uncertainties regarding Tether and geopolitical events involving Israel and Iran—have created a challenging environment for the cryptocurrency market, leading to the recent price crash.

Source: bitcoinist.com ↗

Similar articles (10)

Ether Tumbles 5.8%, Leading Large Crypto Losses, With Bitcoin Sliding Below $71K Coindesk 31 Oct 2024
Ether Tumbles 5.8%, Leading Large Crypto Losses, With Bitcoin Sliding Below $71K
Crypto Market Turns Red as Major Coins Plummet TheNewsCrypto 26 Oct 2024
Crypto Market Turns Red as Major Coins Plummet
Bears Dominate Global Crypto Market as Ethereum Hits Critical Levels TheNewsCrypto 01 Nov 2024
Bears Dominate Global Crypto Market as Ethereum Hits Critical Levels
Bitcoin and Ethereum Shape Current Market Trends Cointurk 27 Nov 2024
Bitcoin and Ethereum Shape Current Market Trends
Can Bitcoin Bounce Back After Recent Declines? Bitcoinhaber 25 Oct 2024
Can Bitcoin Bounce Back After Recent Declines?
Will Bitcoin and Ethereum Rise This Week? Bitcoinhaber 25 Oct 2024
Will Bitcoin and Ethereum Rise This Week?
BTC Pullback, ETH Resurgence, And Other Market Trends Ahead of the Holiday Season Coin Edition 27 Nov 2024
BTC Pullback, ETH Resurgence, And Other Market Trends Ahead of the Holiday Season
Cryptocurrency Traders Face Market Volatility Today Bitcoinhaber 13 Nov 2024
Cryptocurrency Traders Face Market Volatility Today
Bitcoin is Falling Weak at Resistance While Ethereum Eyes a 10% Upswing To Begin the December Trade Coinpedia 30 Nov 2024
Bitcoin is Falling Weak at Resistance While Ethereum Eyes a 10% Upswing To Begin the December Trade
Crypto Market in Trouble: Why Bitcoin, Ethereum, and Other Coins Are Dropping Coinpedia 11 Nov 2024
Crypto Market in Trouble: Why Bitcoin, Ethereum, and Other Coins Are Dropping

Trending topics

Digest

Daily Weekly
Binance.US Restores US Dollar Deposits and Withdrawals After Surviving Chokepoint 2.0 Coindesk 6 hours ago
Binance.US Restores US Dollar Deposits and Withdrawals After Surviving Chokepoint 2.0
SEC Acknowledges CoinShares XRP and Litecoin ETF Filings Decrypt 37 minutes ago
SEC Acknowledges CoinShares XRP and Litecoin ETF Filings
Saylor’s Strategy proposes $2B convertible note offering to buy more Bitcoin Cointelegraph 21 hours ago
Saylor’s Strategy proposes $2B convertible note offering to buy more Bitcoin
$6K Ethereum (ETH) price still possible, but 2 things must happen first — Analyst Cointelegraph 1 hour ago
$6K Ethereum (ETH) price still possible, but 2 things must happen first — Analyst
US Senate confirms Howard Lutnick as Trump’s commerce secretary Cointelegraph 15 hours ago
US Senate confirms Howard Lutnick as Trump’s commerce secretary Explore daily digest
Everything You Need to Know About the Team Behind Milei's Libra Meme Coin Decrypt 20 hours ago
Everything You Need to Know About the Team Behind Milei's Libra Meme Coin
Solana Price Falls Below Bearish Pattern – Is $161 the Next Stop? Cryptonews 1 day ago
Solana Price Falls Below Bearish Pattern – Is $161 the Next Stop?
Is a $6.5 XRP Possible? Analysts Say This Bullish Structure Could Make It Happen Cryptonews 1 day ago
Is a $6.5 XRP Possible? Analysts Say This Bullish Structure Could Make It Happen
$6K Ethereum (ETH) price still possible, but 2 things must happen first — Analyst Cointelegraph 1 hour ago
$6K Ethereum (ETH) price still possible, but 2 things must happen first — Analyst
Bitcoin’s $100K Showdown: Will Inflation or Bulls Win the Breakout? Cryptonews 5 days ago
Bitcoin’s $100K Showdown: Will Inflation or Bulls Win the Breakout? Explore weekly digest