Israel-Iran War Fears Suddenly Spark $500 Billion Bitcoin And Crypto Price Crash—Hitting Ethereum, BNB, XRP, Solana And Dogecoin
Bitcoin has fallen sharply (over 8.4%) after Israel’s military said Iran had fired “dozens” of drones toward it in a retaliatory attack.
The cryptocurrency price dropped from around $67,000 to $61,625, wiping out over $130 million in market capitalization within minutes following the attack.
The bitcoin price crash dragged down the wider crypto market, hitting top ten coins ethereum, BNB, XRP, solana and dogecoin and wiping $500 billion from the combined crypto market.
The conflict between Iran and Israel significantly escalates tensions in the region, something the U.S. has been reportedly trying to prevent since October’s Israel-Hamas conflict.
