Bitcoin Dips Below $60K as Israel Launches Strike on Iran

The Big Whale

— 1 min read
  • BTC fell 5% below $60,000 after Israel retaliated against Iran for missile strike.
  • Ether (ETH) down 3.45% at $2,800; PAXG up nearly 3%.
  • Market turmoil may push BTC to $55,000; buying opportunity if panic sell occurs.
  • Asian stock indices down, U.S. stock futures fell, crude oil prices rose amid tensions.

Summary : Bitcoin (BTC) experienced a 5% drop, falling below $60,000, after Israel retaliated against Iran for a missile strike. The dip was short-lived as the cryptocurrency quickly recovered to around the same level. Israel reportedly launched a retaliatory strike on Friday, targeting various military bases and airfields in Iran. This news also affected other markets, with Ether (ETH) down 3.45% and major Asian stock indices, such as Hong Kong's Hang Seng index, Japan's Nikkei 225, and Taiwan's TAIEX, all experiencing significant declines. Despite the market turmoil, experts suggest that if there is a panic sell-off due to war-related news, it could present a good buying opportunity for bitcoin.
Original article by Coindesk (published on Apr 19, 2024, 2:49 AM).

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