Bitcoin Plunges as US and Israel Launch Military Strike on Iran
Bitcoin dropped nearly 7% to $63,000 following a joint US and Israeli military strike on Iran, escalating regional tensions.Summary
Israel and the United States executed a joint military strike on Iran early Saturday, which Israeli Defense Minister Israel Katz termed a "preemptive strike," leading to a nationwide state of emergency in Israel amid fears of Iranian retaliation.
This action, coordinated between Washington and Jerusalem to counter an alleged immediate threat, followed weeks of rising tensions, including the U.S. designating Iran a State Sponsor of Wrongful Detention. The news caused Bitcoin to plunge sharply, extending daily losses to nearly 7% and falling to around $63,000, erasing recent recovery gains as traders reduced risk exposure due to fears of a wider conflict.
Energy markets are also on high alert due to the potential for escalation impacting global oil routes.
(Source：BeInCrypto)