Bitcoin experienced a significant drop, plunging $6,000 in minutes, following reports of Iran launching up to 100 drones towards Israel in retaliation for an earlier embassy bombing by Israel this month. The cryptocurrency's value fluctuated, with a noted decrease of over 10% in just 30 minutes and down 10% in the last 1 hour, reaching its lowest level since March 20th and marking a 20% decline from its recent all-time high. Amid these developments, Bitcoin briefly hit $60,600 before reaching $62,721.63, despite the initial plunge to below $63,000. Its price moved from $67,200 to $62,350 within an hour. This volatility highlights Bitcoin's role as a risk-off indicator, particularly during weekends when it is the only trading asset. The situation underscores the broader market's sensitivity to geopolitical tensions, with some investors viewing the dip as a buying opportunity, while others speculate on the impact of further escalations in the Middle East.
#Bitcoin still hasn't pulled back more than 20% here! This is a small pullback in the grand scheme of things. Brace yourself. Touch some grass. https://t.co/zfxetQ17aS
🚨BREAKING: #Bitcoin reaches $61K amid escalations in the Middle East. https://t.co/uyvkT0qV8R
What happened to bitcoin in the last hour? Drone attack? https://t.co/CEBPkW92xu
🚨BREAKING: #Bitcoin reaches $62,721.63 amid escalations in the Middle East. https://t.co/CN7vh5qwnF
Bitcoin halving = Net worth halving
Wars cost $$$…. Praying we don’t get a bigger one but after the risk flush, $BTC will resume its trend higher. I pray cool heads prevail and this is not the start of a major regional conflict. There are so many good things going on in the mid east, it’s just tragic that…
BREAKING 🚨: Bitcoin $BTC https://t.co/48xKlOqjPB
Bitcoin always comes back stronger and dominant. I can't say the same about crypto.
BITCOIN CRACKS UNDER $63000
And bitcoin drops by $4K after the drone attack is reported …. https://t.co/V5olrIHEKD
BREAKING: #Bitcoin prices are now down over 10% in just 30 minutes to their lowest level since March 20th. Bitcoin is now also down 20% from its recent all time high. The drop in Bitcoin began shortly after it was reported that Iran had launched a drone attack against Israel.… https://t.co/FNGHOwMMxV
Hilarious that BTC down on checks notes. Iran /Israel risk
Iran is attacking Israel but they killed bitcoin instead
JUST IN: Bitcoin now down over 7% amid Iranian drone attack on Israel
Imagine selling your bitcoin because you're expecting an escalation in military conflicts. 🤡
Bitcoin crashing. Guess it’s more BetaNaz and less store of value after all 🤷♂️ https://t.co/PydD954ci2
Buying the dip. If the Middle East conflicts further escalate, Bitcoin is more important than ever before.
#Bitcoin IS NOW DOWN 10% IN THE LAST 1 HOUR https://t.co/2Cvxzq363I
CRYPTOS CRASH OVER 8% FOLLOWING IRAN'S ATTACK ON ISRAEL
Bitcoin 56.000
JUST IN‼️ Bitcoin plunged $6,000 in minutes after reports of Iran launching 100 drones towards Israel in retaliation for their embassy being bombed by Israel earlier this month. https://t.co/oxJYWVlMtj
Bitcoin price One hour ago: $67,200 Now: $62,350
Time to buy #Bitcoin 🔥
🚨 ALERT 🚨 #BITCOIN JUST HIT $60,600 https://t.co/JxeCLeVPTz
Iran attacks Israel on Bitcoin halving 👀
Bitcoin down 4% https://t.co/xAWStkg6sc
Hate to say it but after $61.7k it’s a quick stop off at $57k before consolidating around $ 51k - not much in between if we don’t hold. Guess it’s either a great dip to buy or escalation for Gulf War 3. https://t.co/BQtL42lSn1 https://t.co/QSLd61utsg
Iran drone attack is apparently underway. It looks like gold was telegraphing the escalation of war last week. Bitcoin $BTC, which has become an incredible leading indicator for risk appetite (and which trades 24/7), is tanking sharply over the last few hours.
Bought some more #bitcoin on the drop https://t.co/M3nHRLoU6E
JUST IN: Bitcoin plunges by over 6% since news of Iranian drone attack on Israel
Guess bitcoin is not a flight to safety asset https://t.co/L6OnF0VnYy
Price of BTC is falling so fast I had to see the Bitcoin CEO had been hit by a bus or if the business lost its most profitable operating subsidiary.
Iran Launches 50 Drones at Israel, Confirms Press Reports - #Bitcoin hits $62K https://t.co/UKAm9pLvmc
BREAKING‼️ Bitcoin plunges $6,000 in minutes after reports of Iran launching up to 100 drones towards Israel in retaliation for their embassy being bombed by Israel earlier this month. https://t.co/nBi9lWhiCw
Bitcoin is tanking in response to the Iranian drone launch on Israel. As the only thing that trades on weekends, it's THE risk-off indicator... https://t.co/3Y53UqeVrr
⚠️BREAKING: *BITCOIN PLUNGES ON REPORT THAT IRAN HAS LAUNCHED DRONE ATTACK ON ISRAEL #BTC #BITCOIN https://t.co/Q39rCuiBIl