CandleFocus Bitcoin drops below $62,500 on news of Iran’s imminent missile attack on Israel
2024-10-01
Author: Content Editor
Bitcoin's value dipped below $62,500 after news of Iran's possible missile strike on Israel. This comes amid escalating tensions in the Middle East, with Israel targeting Hezbollah positions in Lebanon and retaliatory rocket fire from Hezbollah. Bitcoin's price often reacts to geopolitical unrest, as seen in previous situations such as the US-China trade war and the Russia-Ukraine conflict. The broader crypto market is also under pressure, with Ethereum and Binance Coin experiencing declines, although it is holding onto gains from last week.
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