Bitcoin Slides to 6-Week Low as Iran Strike Fears Rise

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At the same time, oil prices have started to climb. Gold and silver were also hit today.

Bitcoin’s price has taken another hit in the past hour or so, dumping to a new six-week low of just over $85,000 as of now.

The altcoins have followed suit, and the liquidations are on the rise again. Data from CoinGlass shows that over $650 million worth of leveraged positions have been wiped out daily, with roughly half of those taking place in the past hour alone.

The number of wrecked trades has rocketed to over 190,000 as of press time. The single-largest liquidated position took place on Hyperliquid and was worth over $31 million.

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