The geopolitical tensions surrounding the Israel-Iran conflict don’t seem to be waning anytime soon! Amid reports of Israel’s fresh attack on Iran, the Bitcoin price has tumbled under $60,000 yet again in the last 48 hours.
The Escalating Israel-Iran conflict
According to a U.S. official speaking to ABC News, Israeli missiles have struck a location in Iran. The official, however, did not provide confirmation regarding potential strikes on sites in Syria and Iraq. Reports from Iran’s FARS news agency suggest an explosion was heard in the city of Ghahjaworstan, situated northwest of Isfahan. The cause of this explosion remains uncertain at this time.
Speculation surrounding explosions in Iran, Iraq, and Syria spurred investors to seek refuge in traditional safe-haven assets like bonds, gold, and the dollar. Meanwhile, speculative investments, including stocks and cryptocurrencies, faced escalating losses.
Bitcoin Price Sees Strong Volatility Before Halving
We are now just a day awa
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