After US-Iran Ceasefire 'Ends', Crypto and Stock Markets Suffer Widespread Declines

CoinFeed July 8 news, according to CoinDesk report, the US launched airstrikes on Iranian Revolutionary Guard Corps vessels, Iran subsequently attacked Kuwait and Bahrain, US President Trump declared the end of the ceasefire with Iran, calling negotiations 'meaningless', global risk appetite plummeted. Bitcoin and Ethereum fell over 2%, CoinDesk 20 Index dropped nearly 3%, Nasdaq 100 and S&P 500 futures fell about 1.5% at one point. In crypto derivatives, BTC futures open interest saw a slight decline, ETH triggered about $90 million in long liquidations amid the price drop, overall 24-hour crypto market liquidations were about $450 million, of which approximately $350 million came from altcoin trading pairs. Altcoins fell broadly, Solana gave back all gains since July.