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Bitcoin, Ethereum, and Ripple Decline Together... Middle East Situation Emerges as New Variable for Coin Market

As of 6:54 p.m. on the 19th, major virtual assets are showing weakness across the board, according to CoinMarketCap data. Bitcoin (BTC), the largest cryptocurre

CBC News Desk
Staff Reporter
4 min read
Bitcoin, Ethereum, and Ripple Decline Together... Middle East Situation Emerges as New Variable for Coin Market
CBC News

As of 6:54 p.m. on the 19th, major virtual assets are showing weakness across the board, according to CoinMarketCap data.

Bitcoin (BTC), the largest cryptocurrency by market capitalization, was trading at $62,319, down 2.94% from the previous day. Second-ranked Ethereum (ETH) also recorded $1,688, a 3.33% decline.

Major altcoins were unable to escape the downward trend. Ripple (XRP) fell 4.64% to $1.12, while Solana (SOL) dropped 4.90% to $68.32. Dogecoin (DOGE) declined 3.35% to $0.082, and BNB settled at $571.28, down 3.30%. Among the top market capitalization coins, Hyperliquid (HYPE) saw a steep drop of 7.07% to $66.76.

On the other hand, Tron (TRX) rose 0.26% to $0.3216, and stablecoins such as Tether (USDT) and USDC maintained a stable trend around $1.

In the market, profit-taking movements have emerged following a recent short-term surge, with investors simultaneously monitoring macroeconomic variables and geopolitical risks. In particular, as Bitcoin and major altcoins undergo a simultaneous correction, investor sentiment has turned cautious.

The Middle East situation is drawing attention as a future variable. It has been reported that Israel continued its airstrikes on southern Lebanon even after the United States and Iran reached a ceasefire agreement, raising the outcome of follow-up negotiations to implement the ceasefire memorandum of understanding (MOU) as a new source of uncertainty.

The market is closely watching the situation, given that geopolitical issues could affect the risk appetite for risk assets and the direction of global financial markets.

[※ Investment decisions are the responsibility of the individual investor, and the information contained in this article may change depending on market conditions.]

CBC News Desk
Staff Reporter

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