Bitcoin Fell Hard

Iran Launches Attack on Israel: Bitcoin Plummets

Iran’s UAV Attack on Israel Has Negative Impact on Crypto Markets. Following the news of the attack, Bitcoin experienced a sharp decline. However, the leading cryptocurrency is currently showing signs of recovery today.
Bitcoin Fell Hard

After Israel’s state television KANN announced Iran’s UAV attack on Israel, the cryptocurrency markets were thrown into disarray. All crypto assets, especially Bitcoin, experienced significant losses in value.


Bitcoin, which has been hovering around $70,000 for the past few days, experienced a significant plunge yesterday evening. Following the news of the conflict, Bitcoin’s price plummeted rapidly to $61,000. The value loss in Bitcoin exceeded 7%. Bitcoin, which hit an all-time high of $73,750 on March 14th, has seen a monthly decline of over 13%.

The global cryptocurrency market value also dropped by 6.22% in 24 hours, falling to $2.29 trillion.

However, the popular cryptocurrency is showing signs of recovery in today’s trading. Bitcoin is trading around $64,000.

Galaxy Digital CEO and billionaire Mike Novogratz has released a new statement on his X account.

“Novogratz drew attention with his estimate that the price of Bitcoin could surpass $100,000 in 2024. He cited the momentum in BTF ETFs as the primary reason behind his highly optimistic prediction. The cryptocurrency billionaire recently tweeted that micro-financial conditions would be favorable for the crypto market this year, as he predicted that the Federal Reserve would lower interest rates.”

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