Bitcoin sinks below $103,000 as Israel-Iran conflict sparks global crypto selloff
Bitcoin and other major cryptocurrencies tumbled on Friday after Israel launched military airstrikes on Iran, triggering a wave of risk-off sentiment across global markets. The escalating geopolitical tensions rattled investor confidence, leading to a sharp selloff across crypto assets.
Israel-Iran Conflict Triggers Selloff
At 10:40 am IST, Bitcoin was trading 3% lower at $104,458, having earlier touched an intraday low of $102,822, according to CoinMarketCap. The world’s largest cryptocurrency is down over 4% in the past 24 hours. Ethereum plunged nearly 9% to $2,512, while the overall crypto market capitalisation dropped 4.2% to $3.24 trillion, wiping out nearly $140 billion in value.
Israel-Iran Conflict Triggers Selloff
The market reaction followed reports of Israeli…
