Middle East Turmoil, Bitcoin Price Drops to US$103 Thousand
Iran launched a retaliatory attack this morning, Friday (06/13) after Israel attacked the Natanz nuclear facility in Tehran, Iran. This caused crude oil prices to rise by 6% and Bitcoin prices to drop to US$103 thousand after previously reaching US$109 thousand.
This turmoil also caused gold to rise to US$3,400 per ounce. Meanwhile, Ethereum fell by 10% in the last 24 hours to US$2,493, XRP dropped by 6.14% to US$2.11, and Solana plummeted by 10.39% to US$143.40.
Memecoins also plunged, including Dogecoin which dropped 10% to US$0.1723, Shiba Inu fell by 11% to 0.00001152, and Pepe plummeted 14% now priced at US$0.00001059.
“This could increase fund flows into safe haven currencies such as the yen and potentially floating currencies which are major oil producers like the Norwegian Krone,” said Nomura Singapore Ltd. Global Market Research Head Robert Subbaraman.
