The price of Bitcoin sharply dropped following Iran’s attack on Israel

The price of the cryptocurrency Bitcoin experienced a sharp decline after Iran launched an air attack on Israel using drones and missiles.

The increasing tension in the Middle East has negatively affected the cryptocurrency markets.

According to data from the analysis firm Coinmarketcap, as of 03:26 GMT, the price of Bitcoin fell by more than 5% in the last 24 hours, dropping to $63,306.

Bitcoin, which reached its all-time high on March 14th at $73,750, has seen a decline of over 13% in the past month.

The price of Ethereum, ranked second in terms of market capitalization, also dropped by 8.9% in the last 24 hours, reaching $2,937.

The value of the global cryptocurrency market also decreased by 6.22% in 24 hours, falling to $2.29 trillion.”

source: prepared by Melisa Beğiç

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