Bitcoin Price Plummets Amid Geopolitical Tensions and Halving Countdown
TL;DR Summary
Bitcoin briefly fell below $60,000 after Israel launched a retaliatory strike against Iran, following a missile attack last week, causing market turmoil and impacting other cryptocurrencies like Ether. PAXG, a tokenized gold asset, saw a 3% increase. Analysts suggest that if bitcoin drops to $55,000 due to war-related news, it could present a buying opportunity. The conflict also led to major stock indices in Asia dropping, with disruptions in air travel reported in Iran.
- Bitcoin Dips Below $60K as Israel Launches Strike on Iran CoinDesk
- Countdown Is On for the Bitcoin 'Halving' The New York Times
- Bitcoin Slides as Geopolitical Risks Overshadow Looming Halving Bloomberg
- Why Is Bitcoin Dropping? Prices Should Keep Falling Before They Go Up After Halving. Barron's
- Bitcoin Prices Just Dropped To Their Lowest Since February Forbes
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