The crypto market suffered a heavy blow, BTC fell below $99,000 and ETH fell to $2,200

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PANews reported on June 23 that according to SoSoValue data, with the escalation of tensions in the Middle East due to the US attack on Iran and the Iranian parliament's push to block the Hormuz Strait, the crypto market experienced a comprehensive decline. Bitcoin (BTC) dropped 1.38% in 24 hours, currently trading at $101,000, but briefly fell below $99,000 during the session. Ethereum (ETH) declined 1.18%, reaching a low of $2,100.

In other sectors, the CeFi sector fell 0.72%, but OKB rose 4.95% in 24 hours due to news of OKX's potential US IPO, and Hyperliquid (HYPE) increased 6.41%. The Layer1 sector dropped 1.49%, with Sui (SUI) falling 3.72%; the Meme sector declined 1.79%, while Fartcoin (FARTCOIN) remained relatively strong, rising 6.04%; the DeFi sector fell 1.94%, with Four (FORM) surging 9.21% intraday; the PayFi sector dropped 2.00%, and the Layer2 sector declined 2.58%.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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