Bitcoin, which surged above $66,000 yesterday with the news of Bitcoin and Ether spot ETF from Hong Kong, fell to $62,000 again as of this morning.
The biggest cryptocurrency had fallen sharply, especially with the Iran-Israel tension that started on Friday evening. Bitcoin, which fell more than 5% in just 1 hour on Saturday night, recovered again after Iran announced that it had ended its attack.
This time the reason is Israel…
However, in the tensions between Israel and Iran, it seems to be Israel’s turn. Israel is reportedly preparing an attack on Iranian territory despite the US announcement that it will not support it. While the US media has been reporting in detail on the issue since yesterday evening, it has been reported that Israel has completed its preparations for the attack, but has not yet determined the timing of the operation. Israeli government are still unable to agree on the timing of the operation, with some saying that Iran should strike back immediately, while others say that silence will further frighten Iran.
This environment of uncertainty led to a decline in Bitcoin and risky assets, which showed signs of recovery.
In addition to Bitcoin, the S&P 500 and Nasdaq indices also dropped. The two indices ended the day down 1.2% and 1.6%, down 1.2% and 1.6%, respectively.
The decline in Bitcoin has also dropped altcoins.
The total market capitalization of altcoins, which have been severely damaged by volatility recently, has also dropped to $600 billion. The figure was as high as $790 billion earlier this month.
Ounce of gold, which is known to increase in crisis and war environments and exceeded $2400 during the tension period last week, is trading at $2385 in the minutes when the news was written.