Bitcoin plunges after Israel strikes Iran

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AFP "Israeli Air Force Strikes Tehran Capital in Multiple Locations"
BTC Drops 5% in Morning on Middle East War News
'Risky Assets' Altcoins Plummet Over 10% in an Instant

Bitcoin Drops Sharply on Israeli Strike on Iran
On the 13th, news of the Israeli Air Force striking Tehran, the capital of Iran, caused a sharp decline in the cryptocurrency market, including Bitcoin (BTC).

AFP reported, citing local state-run broadcasting, that large explosions were heard in various parts of Tehran. Local media reported that while Israeli strikes appear to have occurred in multiple locations in Tehran, the specific locations have not yet been identified.

Israeli Defense Minister Katz stated that this is a very special situation and issued a school closure order for the entire country of Israel on this Friday.

On the morning of the 13th, with news of the feared war breaking out in the Middle East, Bitcoin instantly dropped about 5%, touching the $103,000 level. Additionally, major altcoins such as Ethereum (ETH) and Solana (SOL) fell by about 10%, causing a sharp decline in the cryptocurrency market.

Reporter Seung-won Kwon ksw@blockstreet.co.kr

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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