Iran Launches Drones Toward Israel, Global Markets React: Bitcoin Price Plummets
The tension between Iran and Israel has reached a new level as Iran has launched drones towards Israel’s airspace, causing global markets to react and Bitcoin’s price to plummet. According to reports from the Associated Press, Iran has deployed dozens of drones, with the Israeli military anticipating their arrival in a matter of hours.
The news of this imminent attack has had a significant impact on the markets, with the Dow Jones seeing a drop of more than 500 points in pre-market trading. Additionally, Bitcoin, the leading cryptocurrency, experienced a sharp decline from $67,936 to $61,514 within hours.
Although Bitcoin has slightly recovered to $62,785 at the time of publishing, it is still down 6.7% in the last 24 hours. Analyst Adam Kobeissi of the Kobeissi Letter warns that the growing tensions could lead to increased inflation, with oil prices potentially reaching $90 per barrel.
This attack by Iran marks the first full-scale military assault on Israel, raising concerns about the escalation of conflict in the region. The U.S., a key ally of Israel, has expressed support despite mounting casualties in Gaza. The situation remains volatile, with the potential for a wider regional war looming.
As the situation unfolds, investors are advised to exercise caution and conduct thorough research before making any high-risk investments in Bitcoin or other digital assets. The Daily Hodl will continue to provide updates on this developing story.
