The latest news of Iran launching a drone attack on Israel has sent shockwaves through the cryptocurrency market, causing a significant drop in prices. Bitcoin, the most popular cryptocurrency, has plummeted to $60,000, with altcoins following suit.

Altcoins' Current Situation

Altcoins are not faring well after the recent news. Ethereum, the closest competitor to Bitcoin, has experienced a similar decline, with its price dropping by 9.5% to $2,912. This is a significant decrease from last month's high of over $4,000. Ethereum's 24-hour trading volume is currently at $24.6 billion, with a market cap of around $350 billion.

Solana, which made headlines last year, has also seen major declines. The altcoin's price has dropped by 15% to $129, making its previous prediction of a drop to $165 obsolete. Solana's 24-hour trading volume is currently at $6.8 billion, with a market cap of $55 billion.

Binance exchange's native token, BNB, has also experienced a 10% drop, with its price currently at $529.

Altcoins' Biggest Losers

XRP, a well-known cryptocurrency, is struggling. Its price has dropped by 20% to $0.4349, falling behind USDC and dropping to 7th place in volume ranking. XRP's market cap has fallen to $24 billion, with a 24-hour trading volume of $3 billion. This decline makes XRP the biggest loser among the top 10.

DOGE, the undisputed leader in volume among meme coins, is also experiencing difficulties. Like XRP, DOGE has experienced a drop of approximately 20%, making it one of the biggest losers among the top 10 cryptocurrencies by volume. As of writing, DOGE continues to find buyers at $0.1387.

The current state of the cryptocurrency market is a cause for concern, with the Iran-Israel tension causing a significant drop in prices. Investors are advised to exercise caution and monitor the market closely.