Blog

Home News US-Iran Talks Unlikely as Market Sees Another Downturn: Bitcoin Falls Below $74,000, Oil Price Gaps Up, US Stock Futures Decline Together

US-Iran Talks Unlikely as Market Sees Another Downturn: Bitcoin Falls Below $74,000, Oil Price Gaps Up, US Stock Futures Decline Together

US-Iran Talks Unlikely as Market Sees Another Downturn: Bitcoin Falls Below $74,000, Oil Price Gaps Up, US Stock Futures Decline Together

BlockBeats News, April 20th: Influenced by the dim prospect of the US-Iran nuclear talks, the cryptocurrency market saw another downturn this morning. According to HTX market data, Bitcoin fell by $2000 this morning, briefly dropping below $74,000 and is now trading at $74,162. Ethereum dropped below $2300 and is now trading at $2274. The total market capitalization of cryptocurrencies has decreased by 2% in the past 24 hours, now standing at $2.589 trillion.

Here is the recent performance of popular tokens in the crypto market:

Yesterday, Musk agreed for Asteroid to become the mascot of SpaceX. The Ethereum-based meme coin ASTEROID (scheduled to launch in September 2024) saw its market capitalization peak at $194 million, now falling back to $127 million. It has only a 14.7% 24-hour price increase with a trading volume of $78 million.

RAVE has dropped to $0.52, plummeting by 82% in the past 24 hours. Three hours ago, the multisig address 0x53d7 associated with the initial RAVE allocation sent around 23 million RAVE tokens to two Bitget deposit addresses, worth a staggering $23 million. Subsequently, the RAVE price dropped by 40% from $1 to $0.6.

The Solana ecosystem meme coin SPIKE remains flat with a market cap of about $7 million;
The Solana ecosystem meme coin unc has dropped by nearly 30% in the last 24 hours, reducing its market cap to approximately $5 million.

On the traditional market front, according to Bitget market data, spot gold has fallen below $4750 per ounce, down 1.76% intraday. Brent crude oil futures surged by over $7, hitting a high of $97.50 per barrel. WTI crude oil jumped 5% at the Monday open to $91.35 per barrel; US stock index futures opened lower across the board, with Nasdaq futures down 0.9%.

Related articles