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Cryptocurrencies Decline Following Iran Attack
Bitcoin fell by 2%, dropping below $64,000. Ether lost 3% in value.
The announcement of a joint attack by the US and Israel on Iran and reports of explosions heard in Tehran increased investors' risk aversion. Selling pressure dominated the cryptocurrency markets during weekend trading.
Following these developments, Bitcoin decreased by approximately 2%, falling below $64,000. Ether also declined by about 3%, reaching $1,862.
Market analysts note that increasing geopolitical tensions could weaken global risk appetite and potentially increase volatility in the cryptocurrency markets in the short term.
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