Posted 4/13/2024, 10:49:00 PM
Crypto Markets Plunge as Bitcoin Falls Below $62K amid Tax Deadline Selloff, Geopolitical Tensions
- Bitcoin and crypto market fell nearly 10% on Saturday, with Bitcoin briefly dropping below $62K
- Ether, BNB, and Solana also saw significant price drops of 7-12%
- DeFi protocols hit hard by sell-off, especially Ethena project behind USDe stablecoin
- Former BitMEX CEO said lower liquidity before April 15 tax deadline could cause price drop
- Price declines came as Iran launched strikes against Israel in retaliation for alleged Israeli attack
