{"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.
\n<\/span><\/p>\n

Related Reading: Bitcoin Halving: A Tale Of 2 Emotions \u2013 Will FOMO Or FUD Rule The Market?<\/a><\/div>\n

Bitcoin Suffers Major Decline For Second Consecutive Day<\/strong><\/h2>\n

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>\n

\"Bitcoin\"Bitcoin trading at $63,971 on the daily chart | Source: BTCUSDT chart on Tradingview.com<\/pre>\n
Related Reading: Waiting For The Bitcoin Bull Run To Resume? Here\u2019s The Indicator To Watch For<\/a><\/div>\n

Altcoins Not Spared From Market Crash<\/strong><\/h2>\n

Alongside Bitcoin, the price of altcoins also decreased significantly due to the escalated geopolitical tension in the Middle East. Ethereum, the most popular altcoin and second largest cryptocurrency, suffered a loss of 10.89%, falling as low as $2,880.16<\/span><\/p>\n

Meanwhile, other prominent tokens such as Solana (SOL), XRP, and Avalanche (AVAX) also recorded price dips to the tune of 12.68%,18.11%, and 16.00%, respectively. Generally, the total crypto market cap declined by 7.78%, falling to around $2.2 trillion.<\/span><\/p>\n

Featured image from Shutterstock, chart from Tradingview<\/em><\/div>\n","protected":false},"excerpt":{"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. Related Reading: Bitcoin Halving: A Tale Of 2 Emotions \u2013 Will FOMO Or FUD Rule The Market? Bitcoin Suffers Major Decline For Second Consecutive Day 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. 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. 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 on Friday amidst minor turbulence in the US stock markets. 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.\u00a0The 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 fast approaching, BTC investors are likely optimistic about a potentially massive price gain in the coming months based on historical price data.\u00a0 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. Bitcoin trading at $63,971 on the daily chart | Source: BTCUSDT chart on Tradingview.com Related Reading: Waiting For The Bitcoin Bull Run To Resume? Here\u2019s The Indicator To Watch For Altcoins Not Spared From Market Crash Alongside Bitcoin, the price of altcoins also decreased significantly due to the escalated geopolitical tension in the Middle East. Ethereum, the most popular altcoin and second largest cryptocurrency, suffered a loss of 10.89%, falling as low as $2,880.16 Meanwhile, other prominent tokens such as Solana (SOL), XRP, and Avalanche (AVAX) also recorded price dips to the tune of 12.68%,18.11%, and 16.00%, respectively. Generally, the total crypto market cap declined by 7.78%, falling to around $2.2 trillion. Featured image from Shutterstock, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":603117,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,428,1144,78790,92081,12593,2978],"class_list":["post-603116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-geopolitical-tensions","tag-market-crash","tag-middle-east"],"acf":[],"yoast_head":"\nBitcoin Drops As Iran Launches Missile Attack On Israel - What We Know So Far<\/title>\n<meta name=\"description\" content=\"Bitcoin price took a nose dive on Saturday following reports of Iran launching a drone attack on Israel.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/bitcoin-drops-as-iran-launches-missile-attack-on-israel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Drops As Iran Launches Missile Attack On Israel - 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Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. 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His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. 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