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Will BTC and ETH Prices Recover After Unexpected 24-Hour Correction?

Published 04/14/2024, 05:19 PM
Updated 04/14/2024, 05:45 PM
© Reuters Will BTC and ETH Prices Recover After Unexpected 24-Hour Correction?
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  • The attack in the Middle East caused BTC to fall below $61,000 and ETH below $3,000.
  • BTC’s price could drop to $63,567 despite the recent rebound.
  • Despite high volatility, ETH might keep ranging between $3,080 and $3,275.

Bitcoin (BTC) plunged as low as $60,600 on April 13 after a war between Iran and Israel escalated on April 13. According to reports, Iran had attacked Israel for the first time in history, leading prices of assets in the crypto markets, and beyond to plummet.

Ethereum (ETH), the second most valuable cryptocurrency was not left out of the onslaught as its price crashed to $2.852. While it did not take long for the prices to bounce, traders already felt the heat as liquidations were as high as $711 million within four hours, Wu Blockchain reported.

The post Will BTC and ETH Prices Recover After Unexpected 24-Hour Correction? appeared first on Coin Edition.

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