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The Economic Times
The Economic Times
Surbhi Khanna

Bitcoin hits 7-week low near $70K amid escalating US-Iran tensions, early $744 million liquidated in 24 hours

Bitcoin slipped near the $70,000 mark on Tuesday, hitting a seven-week low amid escalating US-Iran tensions and nearly $744 million in crypto market liquidations over the past 24 hours. The world's largest cryptocurrency was last seen trading at $70,819, as rising geopolitical uncertainty weighed on investor sentiment.

In the past 24 hours, Bitcoin fell 3.38%, and Ethereum was up 0.10% to trade at $1,995 mark. Among the major altcoins, BNB, XRP, Solana, Tron, and Cardano fell upto 3.21%, whereas Hyperliquid and Dogecoin were up 1.44% and 0.22% respectively.

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