Bitcoin's value dropped after reports of Iran launching missile attacks against Israel. The sudden sell-off is attributed to escalating geopolitical tensions that could lead to a broader regional conflict. The attacks worsen existing hostilities with Hezbollah and Hamas, creating concerns for a potential regional war. The missile strikes forced Israelis to seek refuge, and Israel is expected to retaliate. The cryptocurrency market experienced significant liquidations, with Bitcoin reflecting market volatility by decreasing 2.32% in the past 24 hours. Technical indicators suggest further selling pressure for Bitcoin in the short term. Traders are cautious due to geopolitical instability and are monitoring key support levels.
- Content Editor ( coinedition.com )
- 2024-10-02
Bitcoin Price Alert: Iran Attacks Israel, Massive Crypto Sell-Off