The cryptocurrency market fell sharply as SPX6900 plunged nearly 12%, influenced by heightened tensions over potential US missile strikes against Iran. Bitcoin is currently below 105,000 USD, alongside notable losses among major meme coins.
SPX6900’s decline puts it at risk for further drops if it closes under 1.28 USD. Virtual Protocol also struggles below critical support levels, while Dogwifhat (WIF) breached its support at 0.798 USD, potentially reaching 0.550 USD.
The US’s aggressive stance promises increased volatility across global markets. If SPX6900 holds above its support, it may recover, but worsening conditions could extend losses in the crypto sector.
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