Cryptocurrency Prices Plummet as Iran Attacks Israel
Bitcoin and other cryptocurrencies experienced heavy selling following an Iranian drone and missile attack on Israel, with Bitcoin dropping 8% before rebounding to trade above $64,000. The attack marked the first direct assault on Israel from Iranian territory, leading to heightened tensions in the region. The sell-off was attributed to the escalating Middle East situation and the collapse of industry giants, with Bitcoin's price action previously driven by inflows into U.S. spot bitcoin ETFs.