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Why is the crypto market down today?
The crypto market is down today due to heightened risk aversion, led by the latest Iran-Israel conflict, which has already caused about $2.5 billion in liquidations.
The cryptocurrency market is down today, with the total market capitalization falling by 8.7% to $2.17 trillion in the past 24 hours.
Bitcoin (BTC), the largest cryptocurrency by market capitalization, is leading the decline by falling 7.5% in the last 24 hours to reach around $62,160 on April 14. Ether (ETH), the second-largest crypto, has dipped 10.6% to trade around $2,900 in the same period.