The liquidations happened as crypto prices tumbled as the fight between Israel and Hamas and rising turmoil in the region jolted investors, weighing on risk assets. The largest digital asset, bitcoin (BTC), was down over 2% before climbing back to $27,600. At one point, ether (ETH) slid almost 5% and large-cap cryptocurrencies solana (SOL), Polygon’s native token (MATIC) and Polkadot’s (DOT) endured 6% to 7% declines. They rebounded some later.
What Next For Bitcoin (BTC)? Traders Call For $74,000 as ETFs See Continual Inflows
“Bitcoin was pulling back towards $65K on Thursday but is already trying to regain its footing above $66K on Friday...