Bitcoin Hits One-month Low with Iran's Drone Launch👇: Investors Turn Cautious Amid World War III Tensions😭🤷

Bitcoin took a significant dive, hitting its lowest point in a month, as Iran's drone activity intensified tensions with Israel. The cryptocurrency plummeted 6.7% to around $62,300 per coin on Saturday, marking its lowest value since early March.

Cryptocurrencies like Bitcoin trade around the clock, offering investors a unique option for trading even on weekends. Bitcoin, known for its volatility, is often among the first assets sold off when investors become apprehensive.

During times of uncertainty, traders often seek refuge in dollar-pegged cryptocurrencies, perceiving them as safer alternatives. This move reflects a broader trend of investors flocking to traditional safe-haven assets like the U.S. dollar, gold, or government bonds.

The S&P 500 also felt the heat, dropping 1.5% on Friday amidst escalating geopolitical tensions.

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