Crypto Market Crumbles: Bitcoin at $61,379 and Ethereum at $2,396

The crypto market took a hit today as Bitcoin plunged to $61,379, Ethereum fell to $2,396, and Solana dropped to $142.54 following escalating geopolitical tensions between Iran and Israel. Iran’s recent missile strikes on Israel have sent shockwaves across global markets, including digital assets, which are often considered a hedge against traditional financial market volatility. The sudden dip in major cryptocurrencies has raised concerns over their reliability as safe-haven assets during times of global instability. As traders scramble to assess the fallout from the geopolitical crisis, the market’s next move remains uncertain, with investors closely watching how the situation unfolds.