Cryptocurrencies fall amid US-Iran tensions

Cryptocurrencies 

Cryptocurrencies fell today, April 23, amid ongoing uncertainty surrounding tensions in the Middle East, as the US awaits Iran’s response before resuming peace talks.

Bitcoin declined by 1.26% to $77,881 as of 11:39 a.m. Makkah time, after rising above $79,000 on April 22 to its highest level since late January.

At the same time, Ethereum dropped by around 2.59% to $2,336.39, while Ripple fell 1.42% to $1.4168.

Despite the decline, Bitcoin has weathered the impact of the conflict with Iran better than many assets, including gold. The yellow metal has dropped by nearly 10% since Feb. 27, while the world’s largest cryptocurrency by market value has risen by more than 15% over this period.