On April 13, the price of Bitcoin (BTC) dropped by approximately 8.4% due to heightened tensions in the Middle East following an attack by Iran against Israel, fueling geopolitical concerns.
Within minutes after an attack, the value of the cryptocurrency plummeted from approximately $67,000 to $61,625, resulting in a loss of around $130 million in total market worth.
Based on Bloomberg’s report, Iranian drones were reportedly sent towards Israel over the weekend. This action is believed to be a response to an earlier attack carried out by Israel, which resulted in the deaths of seven Iranians, among them two high-ranking military officials, at a diplomatic compound in Damascus, Syria.
Other cryptocurrencies are experiencing a price drop as well. For instance, Ether is currently valued at $2,927, representing a 9.81% decrease, and Solana is priced at $129, marking a 15.96% loss.
This is a developing story, and further information will be added as it becomes available.
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2024-04-14 00:01