Middle East Turmoil, Bitcoin Price Drops to US$103 Thousand

Iran launched a retaliatory strike this morning, Friday (13/06), after Israel attacked the Natanz nuclear facility in Tehran, Iran. This caused crude oil prices to rise by 6% and the price of Bitcoin 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 dropped by 10% in the last 24 hours to US$2,493, XRP fell by 6.14% to US$2.11, and Solana plummeted by 10.39% to US$143.40.

Memecoins also fell sharply, including Dogecoin which dropped by 10% to US$0.1723, Shiba Inu fell by 11% to 0.00001152, and Pepe plummeted by 14% and is now priced at US$0.00001059.

“This could increase the flow of funds into safe haven currencies like the yen and potentially floating currencies that are major oil producers like the Norwegian Krone,” said Robert Subbaraman, Head of Global Market Research at Nomura Singapore Ltd. (edited) #MarketPullback #IsraelIranConflict $BTC