Crypto Traders Suffer Over $100M in Liquidation Losses as Market Rout Deepens Amid Middle East Turmoil

The sell-offs came as cryptocurrency prices fell as fighting between Israel and Hamas and growing unrest in the region rattled investors, weighing on risk assets. The largest digital asset, bitcoin (BTC), fell more than 2% before rising again to $27,600. At one point, the ether (ETH) fell almost 5% and large-cap cryptocurrencies solana (SUN)Polygon native token (MATIC) and the one with polka dots (SPOT) suffered drops of 6% to 7%. They recovered a little later.