The price of Bitcoin is showing stability with a slight decline despite escalating tensions in the Middle East.
According to CoinMarketCap, a global cryptocurrency market tracking site, as of 8 a.m. on the 17th, Bitcoin was trading at $107,639 each. It recorded $108,000 half an hour earlier but fell shortly thereafter. This is a 2.28% decrease from a week ago, but a 2.13% increase compared to 24 hours earlier.
Around the same time, Ethereum also fell 3.37% from a week ago to $2,573. During the same period, XRP decreased by 1.87% to $2.27, BNB dropped by 1.76% to $654.12, and Solana saw a decline of 3.9% to $153.71.
Despite ongoing military tensions in the Middle East, including clashes between Israel and Iran, evaluations suggest that the cryptocurrency market is experiencing a slight decline while showing stability. The price of Bitcoin plummeted to around $100,000 following news of the military conflicts in the Middle East on the 13th but quickly recovered. The New York stock market also closed higher that day.