Iran Launches Drone Attack On Israel In Escalation Of Tensions, Bitcoin Drops Sharply In Response
Portfolio Pulse from Justin Chan
Iran launched a drone attack on Israel, escalating tensions following an airstrike on an Iranian embassy in Syria. Israel and Iraq closed their airspace in response. The U.S. pledged support to Israel. Concurrently, Bitcoin's price dropped sharply to $62,493.
April 13, 2024 | 9:13 pm
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Bitcoin's price fell sharply to $62,493 following the escalation of tensions between Iran and Israel.
The sharp drop in Bitcoin's price can be attributed to the increased geopolitical tensions between Iran and Israel, which typically lead to uncertainty in global markets, affecting risk assets like cryptocurrencies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80