XRP Leads Market Shift as Bitcoin Drops

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The total crypto market cap dumped by approximately $100 billion from top to bottom.

Bitcoin was rejected at $69,200 yesterday and plunged toward $66,000 earlier this morning after Trump’s latest statement that the war against Iran will continue with more strikes.

The altcoins are in the red as well, with ETH dropping to $2,050, while SOL and HYPE are down by over 5%. XRP has managed to overtake BNB in terms of market cap positioning.

BTC Dropped by $3K
Bitcoin’s weekly correction began last Wednesday when the asset was rejected at $72,000 and plunged to $65,600 by Friday. After losing over $6,000 in just a few days, the asset rebounded and remained above $66,000 during the weekend.

It dipped to a monthly low at $65,000 on Monday morning when some of the legacy financial markets opened. The bulls finally stepped up at this point and didn’t allow another leg down. Instead, BTC regained some traction and, despite the enhanced volatility due to the contrasting reports coming on the war in the Middle East, jumped to $69,200 yesterday.

However, then came Trump’s anticipated speech in which he was expected to de-escalate the tension in Iran, according to reports. However, the reality was just the opposite, as he said the conflict is likely to intensify and BTC dumped to just over $66,000, losing $3,000 from yesterday’s peak.

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