Bitcoin nose dive as political tensions escalate in the Middle East

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.

😱 Trump's Tariff Bombshell Could Crush EUR/USD!

Markets on edge — read the urgent new forecasts before it’s too late!

View Urgent Forecast

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.

Read More

2024-04-14 00:01