Bitcoin Plummets After Trump’s Warning on the Middle East
Tensions in the Middle East have once again shown how global instability can shake financial markets. The ongoing conflict between Israel and Iran has led to a drop in Bitcoin and the cryptocurrency market in general. In the last 24 hours, the total value of the global cryptocurrency market has decreased by more than 3% according to data from CoinGecko.
In summary
The global cryptocurrency market fell by more than 3% in 24 hours amid rising geopolitical tensions.
President Donald Trump’s early exit from the G7 and his warning about Tehran heightened investor anxiety.
Michael van de Poppe stated that the drop could be due to a typical risk-averse move ahead of the FOMC, not just geopolitical factors.
