Bitcoin Price Continues To Trade Lower As Tension In Middle East Weighs On Investors' Sentiments

Bitcoin continued to trade lower on Thursday, dropping below the $27,000 mark, as turmoil in the Middle East is weighing on investor sentiment. Today, Bitcoin price was down 0.89% at $26,918.63 per token. The price of the world's second-largest cryptocurrency, Ethereum gained 0.44% at $1,566.16 per token. Any drop in Ethereum's price below $1,600 level raises concerns about the digital currency's price stability.

The Hamas terrorist organization and its affiliates have received millions in cryptocurrency donations, according to a Wall Street Journal (WSJ) report based on data from forensics firm Elliptic and Tel Aviv software company BitOK. Hamas's striking operations on Israel last week have raised an important question as to how the group financed the surprising operations.

The global crypto market cap declined 0.71% to $1.05 Trillion on Thursday. The total crypto market volume over the last 24 hours rose 14.92% to $27.32 Billion. The total volume in DeFi is currently $1.98 Billion, 7.26% of the total crypto market 24-hour volume.

How are meme coins performing today?

Dogecoin: The price of Dogecoin fell 0.91% at $0.05826 per token at the time of writing this article. Dogecoin has a market cap of $8.24 Billion.

Shiba Inu: Shiba Inu price slipped 1.02% at $0.000006795 per token on Thursday. At this price, the meme currency Shiba Inu has a market cap of $4.01 Billion.

Pepe Coin: The price of Pepe Coin (PEPE) fell 0.94% at $0.000000636 per token today. The maximum supply of Pepe coins is 420.69 Trillion PEPE.

How Are Other Altcoins Performing Today?

XRP:

Ripple's XRP price was down 0.95% at $0.4871 on Thursday. XRP is ranked number 5 out of all 8,945 active cryptocurrencies listed on CoinMarketCap.

Cardano:

Cardano price fell 0.07% at $0.2469 per token at the time of writing this article.

Solana:

Solana price was down 1.33% today at $21.75 per token. Solana is the world's 7th largest cryptocurrency in terms of market cap.

Polkadot:

Polkadot price was down 0.96% at $3.73 per token at the time of writing this article. With a market cap of $4,596,228,451, Polkadot is the world's 14th largest cryptocurrency in terms of market cap.