#IsraelIranConflict $BTC

WILL THE CRYPTO MARKET BE AFFECTED BY THE ISRAELI ATTACK ON IRAN?

By Hannah Pérez

Bitcoin took a downturn below USD $107k amid reports of a possible attack by Israel on Iranian nuclear facilities. The cryptocurrency market turned bearish but shows signs of recovery.

The cryptocurrency market reacted negatively following developments in the Middle East.

After a day of some stability in the cryptocurrency market, Bitcoin (BTC) has been hit once again by volatility, with winds pointing in a downward direction amid renewed tensions in the Middle East.

Reports this Tuesday suggest that Israel is ramping up preparations for a possible attack on Iranian nuclear facilities, which has led to a significant escalation of tensions.

According to NBC News, Israel has become more serious about an attack on Iran, as negotiations between the United States and Iran seem closer to an agreement that would include provisions on uranium enrichment, which Israel considers unacceptable.

The United States fears that if Israel proceeds —without its consent— with such an attack, it could trigger a broader regional conflict and sabotage nuclear negotiations with Iran. This comes after President Donald Trump allegedly advanced talks with Tehran regarding a diplomatic agreement to reduce its nuclear program.

The commander of the Islamic Revolutionary Guard, Hoseín Salami, stated that Iran is prepared for any scenario, including war, in response to Israeli threats. Iran has also warned that it could attack U.S. bases in the region if nuclear negotiations fail, according to reports.