⚡Key Points⚡

Bitcoin mining stocks plunge; Marathon Digital falls 9%, CleanSpark by 6%, Core Scientific and Riot Platforms drop 4% each.

Iran's missile attack on Israel sends shockwaves through crypto markets, triggering sell-offs in Bitcoin and Ethereum prices.

đŸ’„Bitcoin BTC/USD fell sharply to a low of $61,100, down about 4% in the last 24 hours, as news broke of escalating tensions in the Middle East.

đŸ’„What Happened: The Israel Defense Forces (IDF) reported that more than 100 missiles have been fired into Israel from Iran, setting off sirens in key cities, including Tel Aviv and Jerusalem, according to Sky News.

This development has sent shockwaves through global markets, with cryptocurrencies taking a notable hit amid the rising geopolitical uncertainty.

The attack is being described as a significant escalation in the ongoing conflict.

Military correspondent Alistair Bunkall called it “far bigger” than previous missile strikes, signaling a potential shift in the region’s tensions.

In response, Israel has targeted locations in Lebanon, which it claims are used by Hezbollah militants, a group that is part of Iran’s ‘axis of resistance.’

The current situation marks Iran’s retaliation for Israel’s actions, intensifying the regional conflict.

Investors are clearly spooked, seeking safe-haven assets amid the escalating geopolitical crisis, leading to a swift sell-off in risk assets like cryptocurrencies.

The turbulence in the crypto market has also hit major players in the Bitcoin mining sector.

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