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The cryptocurrency market witnessed a sharp decline today, retreating from its previous gains following news of an attack on Iran's South Pars gas field. This development has increased tension in global markets, especially after Iran previously threatened to escalate tensions with the United States and Israel.
Crypto market collapse following attack on Iran's South Pars gas field
TradingView data shows a decline in the total cryptocurrency market by approximately 2% today, reaching $2.47 trillion. Leading this collapse is the Bitcoin price, which has dropped noticeably from its intraday high above $74,000 to below $73,000.