Bitcoin dips below $61.2K; Dogecoin, Solana drop over 7%

Amid geopolitical tensions between Iran and Israel and ahead of Bitcoin halving later this week, Bitcoin fell 4.2% to $61,151 in Thursday's early trade. Meanwhile, Ethereum, the second largest crypto token, also declined over 4.4% to $2,960. Other major crypto tokens such as Solana (7.4%), XRP (3.7%) XRP (2%), Dogecoin (7.8%), Toncoin (11%), Cardano (4%), Shiba Inu (4.4%), and Avalanche (4.3%) also declined. A majority of the altcoins struggled to move up in price. Currently, the total volume in DeFi stands at $6.98 billion, representing 7.15% of the total 24-hour volume in the crypto market. Bitcoin's dominance currently sits at 53.84%, as per CoinMarketCap data.

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