The crypto market has plummeted by nearly 2% as investors sell off in reaction to escalating Middle Eastern tensions. Major cryptocurrencies have experienced significant losses, with Ethereum, Solana, and Cardano leading the decline.
Despite the passing of the GENIUS Act for stablecoin regulation, Bitcoin and other cryptocurrencies continue to struggle. Bitcoin is currently around 104,000 USD, and over 260 million USD in long positions were liquidated in the past 24 hours.
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