According to foreign media sources, Iran allegedly launched missile attacks against Israel. This news triggered a drop in Bitcoin and other cryptocurrency prices.
Iran's Missile Attacks on Israel
Foreign media sources claim that Iran has initiated missile attacks against Israel. The escalation of tensions between the countries has caused concern in the markets.
Cryptocurrency Market Reaction
Following the news of Iran's missile attacks, the price of Bitcoin dropped by 1.85% in the last 24 hours. The world's largest cryptocurrency, which rose above $66,000 last week, fell due to tensions between Israel, Iran, and Lebanon. Meanwhile, the price of an ounce of gold, considered a safe haven by some, gained 1.33% in the last 24 hours.
Overall Market Losses
In addition to Bitcoin, declines were observed among altcoins. Ethereum, the world's largest altcoin, lost nearly 4% in the last 24 hours. Among the top 100 altcoins, the biggest losers were Arweave (AR) with 11%, Notcoin (NOT) with 9%, and Lido DAO (LDO) with 8%. Interestingly, the FTX token saw double-digit gains in the last 24 hours. On the liquidation side, a significant liquidation of $355 million was observed in the entire cryptocurrency market, with $301 million of this in long positions.
The news of Iran's missile attacks on Israel triggered a notable reaction in the cryptocurrency market. While Bitcoin and many altcoins declined, some assets like gold and the FTX token saw gains.
