Crypto Markets React to Iran's Attack, Bitcoin Plunges Before Rebounding

Bitcoin and other major cryptocurrencies experienced a nearly 10% drop in value, with Bitcoin briefly falling below $62,000 before rebounding to around $64,000. This market volatility also affected other digital assets like ether, BNB, and solana. The decentralized finance sector suffered as well, leading to liquidations and potential protocol disruptions. The market declines were attributed to factors such as potential dollar liquidity drops and geopolitical tensions, particularly involving Iran and Israel. However, prices began to recover after Iran's statement regarding the situation.