Bitcoin
BTC
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Bitcoin prices trend toward $60,000 per Bitcoin from over $70,000 earlier this week after Iran's Revolutionary Guards announced it had launched “dozens of drones and missiles” into Israeli territory. It fell.
The collapse in Bitcoin prices dragged down the entire crypto market, hitting the top 10 coins of Ethereum and BNB.
BNB
XRP
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The price of Bitcoin plummeted, and so did the prices of Ethereum, BNB, XRP, Solana, etc. … [+]
Earlier this week, Iran warned that Israel would “suffer punishment” for the April 1 attack on its Syrian consulate. US President Joe Biden then pledged “ironclad” support for Israel, adding that the US “will do everything in our power to protect Israel's security.”
But Iran's response has raised concerns that the regional conflict, which has been escalating since the Oct. 7 attack on Israel by Hamas militants in the Gaza Strip, could escalate into an all-out war.
“Bitcoin fell like a rock following the Iran and Israel news,” said Rajat Soni, a certified financial analyst specializing in Bitcoin. Posted Mr. Added the reason.
Brent crude oil prices rose to around $90 a barrel this week on fears that Middle East wars could constrain supplies, while the price of gold, traditionally a safe-haven asset, rose 10% from last month. , soared to an all-time high.
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Bitcoin price plummets after reports that Iran retaliated against Israeli attack … [+]
Bitcoin prices have more than doubled in the past six months, helped by a surge in demand from Wall Street's newly approved batch of spot Bitcoin exchange-traded funds (ETFs) and an impending supply cut known as the halving. Rose.
Both gold and Bitcoin (dubbed “digital gold” by some supporters because of its fixed and unchanging supply) have fallen in the past 24 hours.
“Bitcoin just flash-crashed to just over $61,000,” says Peter Schiff, Goldbug and Bitcoin Critic. Posted “This is equivalent to just 26 ounces of gold. At its peak two and a half years ago, one Bitcoin was equivalent to 37 ounces of gold. This is a 30% decline. Compared to gold, we are clearly in a bear market.”
