Bitcoins price rose to over $106,000 hours ago, but the latest developments in the Middle East conflict, as well as Trumps threats against Iran, pushed it south by over a grand.

Most larger-cap alts are slightly in the red, including HYPE, which has dumped by 5%, while PI is up by a similar percentage.

BTC Stopped at $106K

The primary cryptocurrency was riding high at the beginning of the previous business week as it pumped above $110,000 on several occasions by Wednesday. However, each attempt was met with an immediate rejection, and the last one pushed BTC south to under $106,000.

Although the bulls managed to recover some ground on Thursday and pushed bitcoin to $108,400, the quickly escalating tension in the Middle East resulted in an immediate price drop that drove the asset south to under $103,000.

Although the attacks continued in the following 48 hours, including a few retaliations by Iran, BTCs price recovered some ground and even jumped above $106,000 hours ago.

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Invalid email address Your privacy is guranteed.Thanks for subscribing, you will get your first report in the next hours! However, US President Trump weighed in on the matter once again at that point and threatened Iran with the full strength and might of the US Armed Forces if Tehran decides to retaliate against the US in some form.

Bitcoin slipped once again, but its still hovering above $105,000. Its market cap remains below $2.1 trillion, while its dominance over the alts is at 61.7% on CG.

Alts React

Most alternative coins are slightly in the red once again on a daily scale. Ethereum is still above $2,500 after a minor decline, and similar price drops of around 1% are evident from DOGE, BNB, LINK, XRP, and SOL. HYPE has dumped the most from the larger-cap alts, having lost 5% of value.

In contrast, Pi Networks native token has jumped 5% and now trades above $0.6 after the recent flash crash experienced on Friday.

The top 100 alts have a new member, as AB has skyrocketed by 20% and has entered the biggest crypto club.

The total crypto market cap is down by around $20 billion since yesterday to $3.380 trillion on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

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