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Bitcoin rebounds after Iran strikes wipe $128B from market

Bitcoin rebounds after Iran strikes wipe $128B from market

Bitcoin fell to $63,062 before recovering to $66,201 following reports of large explosions in Tehran as the United States and Israel launched strikes across Iran.

Summary

  • Bitcoin dropped to $63K on Iran strike news before rebounding above $66K.
  • Crypto market lost $128B in panic selling as missiles hit Middle East.
  • UAE intercepted missiles safely as BTC and ETH recovered from lows.

Ethereum (ETH) dropped to $1,837 before rebounding to $1,940. As per the data at the time of the attack, the crypto market erased approximately $128 billion in value in the immediate aftermath.

Iran launched retaliatory missiles at multiple locations including Israel, Qatar, the United…

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