LIVE
😱🩸War Has Officially Begun in the Middle East A Bloody Night in Bitcoin
The price of #Bitcoin fell by 7% in less than an hour on Saturday, as the prices of other cryptocurrencies also fell sharply after Iran launched an attack on Israel.
The price of Bitcoin fell by 7% to $62,570 as of 16.40 on Saturday afternoon, after the cryptocurrency briefly fell to a low of $60,908 a minute earlier.
The price of Ethereum fell by more than 9% to $ 2,923, while the prices of Binance coin and solana fell by 9% and almost 18%, respectively.
The prices of several less traded cryptocurrencies, including Avalanche (20%), XRP (20%) and meme token dogecoin (18%), fell by at least 15%.
$73,750. That's how much #BTC 's price was on March 24, which was the cryptocurrency's all-time high price.
Concerns about escalating geopolitical conflicts in the Middle East have affected US markets in recent days. The Dow Jones Industrial Average fell 475 points on Friday after the White House announced that the United States and Israel were preparing for a possible attack by Iran. JPMorgan Chase CEO Jamie Dimon told investors that the geopolitical conflict is a cause for concern, noting that this "could be decisive for what happens to the global economy if oil and gas prices rise too much."
