Bitcoin Price Plummets Amid Geopolitical Tensions and Halving Countdown
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.