Bitcoin Eyeing $60,000 Support As Iran Strikes Hammer Crypto Markets
Bitcoin traders are watching $60,000 after US-listed funds tied to the coin shed $519 million in a single day, extending a run of withdrawals that has shaken the market. The cryptocurrency dipped 4.5% on Wednesday to an intraday low of $65,700 before recovering to around $67,100. Related Reading: WLFI Raises Alert: Sanctioned Wallets Could Trigger […]
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The missiles started flying, and so did the sell orders. Within hours of the US and Israel launching coordinated strikes on Iran, Bitcoin had dropped as much as 3.8% to $63,038, Ethereum had fallen nearly 9%, and more than 152,000 traders had been liquidated across crypto markets. With traditional stock and bond markets closed for the weekend, digital assets absorbed the full force of the panic — alone. Related Reading: Bitcoin Sell-Off Slows Down, But The Road To Recovery Is Long — Analyst US And Israel Hit Iran’s Military And Nuclear Sites US President Donald Trump confirmed on....
Bitcoin has spent the past two weeks in a war zone; not literally, but functionally. Since US and Israeli forces launched coordinated strikes on Iran on February 28, crypto markets have been held hostage by geopolitical shock, energy price chaos, and a global risk-off mood that has kept institutional conviction firmly on the sidelines. Now, […]
The Bitcoin and Ethereum prices continue to struggle, with BTC dropping to as low as $70,000 over the weekend. This comes as tensions between the U.S. and Iran continue to escalate, with no sign of a ceasefire happening anytime soon. Bitcoin and Ethereum Prices Struggle as Iran War Drags On Bitcoin and Ethereum prices remain under pressure as the war in Iran enters its third week. Tensions escalated over the weekend with attacks on the U.S. embassy in Iraq, according to a Fortune report. The U.S. embassy had indicated that these attacks were carried out by Iran-aligned terrorist militia....
The US-Iran war has again escalated with fresh strikes from both sides, a development that has now dampened hopes of an imminent peace deal. This has caused another significant decline in Bitcoin’s price, with an expert urging market participants to remove their funds from BTC. US Strikes Iran As Expert Urges Investors To Dump Bitcoin An Al Jazeera report shows that the US shot down four Iranian drones and attacked a ground control station in Bandar Abbas, in a new escalation of the 3-month-long war. In response, Iran also struck an American airbase in Kuwait, a move that further....
The US-Iran war continues to linger with the two countries yet to reach a deal, and US President Donald Trump is threatening new strikes against Iran. Amid this, Iran has moved to launch a Bitcoin-backed service as it looks to assert control over the Strait of Hormuz. U.S.-Iran War In Focus Amid Trump’s Threat and New Bitcoin Service According to a Reuters report, US President Donald Trump has threatened that a new US attack on Iran could happen in the coming days if both sides fail to reach a deal. This came amid his revelation that he was close to ordering a strike against Iran earlier....