#IsraelIranConflict Sharp decline in Bitcoin and Ethereum prices since the Israeli strikes on Iran.
While Bitcoin was on the verge of surpassing its previous all-time high, the Israeli airstrikes on Iran disrupted its rise. On Thursday evening, the price of Bitcoin dropped from $108,297 to $103,210, with a loss exceeding 4.6%. As for Ethereum ETH, the second largest cryptocurrency, it sharply declined from $2,769 to $2,494, a decrease of 13.33%. The cryptocurrency market is still struggling this morning, with some altcoins, including Solana SOL and Dogecoin, recording losses exceeding 9% over the past twenty-four hours. Bitcoin and Ethereum have seen a slight recovery this morning, with declines of 2.5% and 7% respectively over the past day.
In the face of this new geopolitical tension, investors are once again preferring to shed assets they consider risky.
Within just a few hours on Thursday night, the price of Bitcoin BTC fell by 4.6%, and the price of Ethereum dropped by over 13%, causing the entire market to plunge into the red.