{"id":603116,"date":"2024-04-14T12:30:05","date_gmt":"2024-04-14T12:30:05","guid":{"rendered":"https:\/\/ktsl888.com\/?p=603116"},"modified":"2024-06-11T07:29:22","modified_gmt":"2024-06-11T07:29:22","slug":"bitcoin-drops-as-iran-launches-missile-attack-on-israel","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-drops-as-iran-launches-missile-attack-on-israel\/","title":{"rendered":"Bitcoin Drops As Iran Launches Missile Attack On Israel – What We Know So Far"},"content":{"rendered":"
The price of Bitcoin took a nose dive on Saturday following reports of Iran launching missile and drone attacks on Israel. Alongside the market leader, many other prominent cryptocurrencies also experienced a significant selloff as news of a brewing international conflict in the Middle East circulated on the internet. According to multiple reports on April 13, Iran commenced a drone attack against Israel in retaliation to an attack on an Iranian diplomatic building in Syria on April 1 which claimed the lives of nine Iranian officers, including a highly ranked general in Iran’s Islamic Revolutionary Guards.<\/span><\/p>\n This incident marked Iran\u2019s first-ever direct assault on the Jewish state following years of rising political tensions between both countries. With the Iranian forces confirming further missile attacks on \u201cspecific targets\u201d in Israel, it is likely that both nations may be heading for a full-scale war.<\/span><\/p>\n Following reports of the drone attacks in the Middle East, Bitcoin\u2019s price dropped by 8.07%, falling from $67,132.1 to $61,710.58, reflecting a high selling pressure. Interestingly, this price action marked the second consecutive day the maiden cryptocurrency suffered a significant loss following a 5% decline<\/a> on Friday amidst minor turbulence in the US stock markets.<\/span><\/p>\n Generally, Bitcoin has shown an underwhelming performance in the past weeks, recording a 12.51% loss in the last month based on data from CoinMarketCap.<\/a>\u00a0<\/span>The maiden cryptocurrency has struggled to replicate its bullish form seen at the beginning of 2024 when it achieved a new all time high price of $73,750.07. However, with the Halving event<\/a> fast approaching, BTC investors are likely optimistic about a potentially massive price gain in the coming months based on historical price data.\u00a0<\/span><\/p>\n Currently, Bitcoin trades at $63,943, showing a 3.61% gain from its earlier slump on Saturday. In tandem, the token\u2019s daily trading volume is up by 22.46% and valued at $57.37 billion.
\n<\/span><\/p>\nBitcoin Suffers Major Decline For Second Consecutive Day<\/strong><\/h2>\n
\n<\/span><\/p>\nBitcoin trading at $63,971 on the daily chart | Source: BTCUSDT chart on Tradingview.com<\/pre>\n