Fall of crypto after an attack on sites in Iran. (IsraelValley cannot cover this subject 100% because Israeli military censorship is intractable).
(Non-Israeli) media reported that the Israeli military carried out missile strikes against Iran.
According to (1): “This escalation of tensions between the two enemy countries immediately caused the Bitcoin market and cryptos in general to react.
The leader Bitcoin thus fell below $60,000 in just a few hours. As for Ethereum, its underperformance was even more marked with a fall below $2,900.
However, this wave of stress was only temporary. Indeed, crypto prices recovered quickly as the information became clearer. It appears that the Israeli military operation was relatively limited in scope. Thus, after regaining color, Bitcoin is moving around $64,000.
If this attack was ultimately only a short-lived blip for crypto, it nevertheless serves as a reminder of their high correlation with geopolitical risks. If the situation in the Middle East deteriorates further, their prices would be even more vulnerable in the future. The next few days will therefore be decisive in gauging the resistance capacity of Bitcoin and its peers in the face of regional turbulence.”
(1) IsraelValley reprinted and partially corrected (Israeli military censorship) an article from cointribune.com
