Bitcoin price plummeted over 8.4% on April 13 after Iran launched an attack on Israel, escalating geopolitical conflicts in the Middle East. 

The price of Bitcoin 

BTC

$64,538

 dropped from around $67,000 to $61,625, wiping out over $130 million in market capitalization within minutes following news of the attack.

The sell-off is also affecting other cryptocurrencies. At the time of writing, Ether 

 was down 9.81% to $2,927, while Solana’s 

SOL

$143

 sank 15.96% to $129. According to CoinMarketCap data, the global crypto market capitalization declined 8.19% to $2.23 trillion.