CryptoIntelligence 2024-04-15 16:30:00

Bitcoin Tumbles Over 8% Amid Escalating Middle East Tensions Following Iranian Attack on Israel

Bitcoin Tumbles Over 8% Amid Escalating Middle East Tensions Following Iranian Attack on Israel

On April 13, the price of Bitcoin experienced a significant drop of over 8.4%, triggered by heightened geopolitical tensions after Iran attacked Israel. This event led to a sharp decrease in Bitcoin’s value, plummeting from approximately $67,000 to $61,625 and erasing over $130 million in market capitalization within moments of the news breaking. This downturn wasn’t isolated to Bitcoin alone; other major cryptocurrencies also felt the impact. Ether dropped by 9.81% to a price of $2,927, and Solana saw a substantial decline of 15.96%, bringing it down to $129. According to data from CoinMarketCap, the global cryptocurrency market cap fell

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