Bitcoin update
On Saturday, both Bitcoin (BTC) and the wider cryptocurrency market experienced a nearly 10% decline. BTC, the leading digital asset, briefly dipped below $62,000 before rebounding to approximately $64,000 at the time of reporting. This decline wasn’t isolated to Bitcoin alone; other prominent cryptocurrencies also witnessed similar drops within the past 24 hours. Ether (ETH) saw a 7% decrease, hovering just under $3,000, while BNB (BNB) experienced a 9% decline and solana (SOL) dropped by 12%, as per data from CoinGecko. Concurrently, trading volume has increased during this period.
The downturns coincided with Iran’s initiation of drone and missile attacks against Israel. The Iranian government claimed these strikes were in retaliation for an airstrike on its consulate in Damascus, Syria, which it attributed to Israel.
Today BTC shows some strenght and stability. BTC up 0.67%, Ethereum up 0.95% and BNB up 0.75%. In coiming days crypto market may see high volatility due to Middle east tension.
